IDEC8008 introduces students to the main fields driving the research agenda in modern macroeconomics. The course is aimed at providing students with a comprehensive knowledge of modern macroeconomic theory in a way that develops intuition and a technical ability to apply macroeconomic theory in practice. Students will be equipped with the key tools needed to formulate and solve problems analytically and provided with an appreciation of how these tools can be used to understand real world events and 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:
1. Recognise key concepts, theories and models of macroeconomics
2. Apply macroeconomic tools to the analysis of a variety of real world events, empirical trends and policy
3. Communicate concepts, graphically, mathematically and in writing, to a professional standard
4. Evaluate real world events and illustrate their arguments in terms of relevant macroeconomic models
Other Information
Delivery Mode:
on Campus
Indicative Assessment
Mid-term Exam (40%) and final exam (60%).
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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 textbooks for this course (available in the Chifley Library Reserve) are:
Jones, Charles I. and Vollrath, Dietrich (2013) Introduction to Economic Growth, 2nd edition, W. W. Norton, ISBN 978-0-393-91917-2 (CJ hereafter)
Romer, David (2012) Advanced Macroeconomics, 4th edition*, McGraw Hill, ISBN 978-0-07-351137-5 (DR hereafter) *DR (2006) 3 rd edition is also available in the Chifley Library Reserve
A detailed outline to accompany the course schedule, with suggested readings in parentheses, will be posted on Wattle..
Preliminary Reading
The following textbook may be helpful for reviewing mathematical techniques used in this course:
Hoy, Michael et al (2001) Mathematics for Economics, 2nd edition, MIT Press, ISBN 0-262-58207-4
The following useful textbooks offer a more advanced or detailed treatment of macroeconomic models:
Barro, Robert J. and Sala-i-Martin, Xavier, (1995) Economic Growth, MIT Press, ISBN 0-262-02459-4
Blanchard, Olivier J. and Fischer, Stanley (1994) Lectures on Macroeconomics, MIT Press, ISBN 0-262-02283-4
Schmitt-Grohe, Stephanie and Uribe, Martin (2011) International Macroeconomics (downloadable at http://www.columbia.edu/~mu2166/UIM/notes.pdf). (S-GU hereafter)
Obstfeld, Maurice and Kenneth Rogoff (1996) Foundations of International Macroeconomics, 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:
- 3
- 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 |
|---|---|
| 2019 | $4320 |
- International fee paying students
| Year | Fee |
|---|---|
| 2019 | $5700 |
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 |
|---|---|---|---|---|---|---|
| 8047 | 22 Jul 2019 | 29 Jul 2019 | 31 Aug 2019 | 25 Oct 2019 | In Person | View |