This course aims to acquaint student with key issues and models in international macroeconomics. It introduces students to macroeconomic accounting and standard open-economy macroeconomic models. These models are then used to understand important issues in international macroeconomics including the exchange rate, the current account, international capital mobility, exchange rate regimes, and monetary policy in open economies.
Upon successful completion, students will have the knowledge and skills to:Upon successful completion of this course, students will be able to:
- Recognise key concepts and core theories of international macroeconomics
- Apply economic tools to real world events and policy
- Communicate concepts, graphically, mathematically and in writing, to a professional standard
- Evaluate what is important and caste an argument in terms of relevant international macroeconomic models
There will be two assignments (each 10%), one mid-semester exam (30%), and one final exam (50%).
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
4 contact hours per week, including 2 hours of lectures, 1 hour of tutorials, and 1 hour of consultation. Depending on prior background, students are expected to spend around 6-10 hours per week outside contact hours.
Students should note that lecture slides and tutorials will provide all required materials to complete the course. While students are not expected to purchase any textbook for the course, the list below provides a general guidance to relevant textbooks. The first one of the list is the primary reference of this course, while the following two items are supplementary materials on the contents, and the last one provides analytical and numerical methods for solving dynamic economic problems.
· Maurice Obstfeld and Kenneth Rogoff (1996). Foundations of International Macroeconomics. The MIT Press.
· Paul Krugman, Maurice Obstfeld and Marc Melitz (2011). International Economics (9th ed.). Pearson/Addison-Wesley.
· Martin Uribe and Stephanie Schmitt-Grohe (2017). Open Economy Macroeconomics. The Princeton University Press.
· Jianjun Miao (2014). Economic Dynamics in Discrete Time. The MIT Press.
Foundations in undergraduate microeconomics and macroeconomics are assumed, and knowledge in calculus and optimization is essential.
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:
- 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.
Offerings and Dates
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|8409||23 Jul 2018||30 Jul 2018||31 Aug 2018||26 Oct 2018||In Person||N/A|