This is a graduate level course on international macroeconomics. The course is aimed at (i) understanding basic notions of the macroeconomics, (ii) being equipped with the basic analytical tools (models) for policy analysis both in the closed economy and the open economies, and (iii) being able to consider the real-world problem, such as the recent financial crisis, through the lens of these tools. Central issues considered in the course include (i) capital flows, (ii) international transmission of shocks, and (iv) the role of stabilization policy.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
On successful completion of this course, students will be able to understand the analytics behind key macroeconomic models and understand how policy can affect these outcomes.
Other Information
Delivery Mode:
on Campus
Indicative Assessment
There will be two in-class (10%*2), mid-term (30%) and final exams (50%).
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Workload
2 two-hour lecture and one hour of tutorials. Depending on prior background the student should expect to spend around 6-10 hours per week on the course material.
Prescribed Texts
The main text books (notes) are as follows:
Schmitt-Grohe, Stephanie and Martin Uribe, 2011, International Macroeconomics
- downloadable at http://www.columbia.edu/~mu2166/UIM/notes.pdf.
Corsetti, Giancarlo and Paolo Pesenti, 2009, “The Simple Geometry of Transmission and Stabilization in Closed and Open Economies, in NBER International Seminar on Macroeconomics 2007
- downloadable at http://www.nber.org/chapters/c3000.pdf.
Preliminary Reading
Useful references mentioned below are as follows:
Barro, Robert, and Xavier, Sala-I-Martin, 1995, Economic Growth, McGrow Hill,
Cochrane, John, 2001, Asset Pricing, Princeton University Press,
Enders, Walter, 1995, Applied Econometric Time Series, Wiley,
Jones, Charles, Introduction to Economic Growth, Norton,
Obstfeld, Maurice and Kenneth Rogoff, 1996, Foundations of International Macroeconomics, MIT Press,
Romer, David, 2006, Advanced Macroeconomics, McGrawHill,
Walsh, Carl, 2003, Monetary Theory and Policy, MIT Press,
Assumed Knowledge
Students are expected to be familiar with intermediate macroeconomic theory and with undergraduate mathematical economics.
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 2
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2015 | $3762 |
- International fee paying students
| Year | Fee |
|---|---|
| 2015 | $4566 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
Second Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 2685 | 20 Jul 2015 | 07 Aug 2015 | 31 Aug 2015 | 30 Oct 2015 | In Person | N/A |