All activities that form part of this course will be delivered remotely in Sem 2 2020.
IDEC8002 introduces students to the main classes of models in modern macroeconomics. The course is aimed at providing students with asound knowledge of modern macroeconomic theory, an ability to formulate and solve problems analytically, and a general appreciation of how policymakers can use the analysis in practice.The first half of the course will be devoted to growth models while the second half will deal with cyclical fluctuations, monetary and fiscal 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 core models of macroeconomics
2. Apply these tools to the analysis of a variety of illustrations and examples, including empirical trends and implications for policymakers
3. Explain macroeconomic concepts, graphically, mathematically and in writing, to a professional standard
4. Evaluate real world events and data using macroeconomic analysis
Other Information
Delivery Mode:
On Campus.
Indicative Assessment
There will be one final exam (60%), and one mid-semester exam (40%).
In response to COVID-19: Please note that Semester 2 Class Summary information (available under the classes tab) is as up to date as possible. Changes to Class Summaries not captured by this publication will be available to enrolled students via Wattle.
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.
Workload
Two hours of lectures and 1 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
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 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
Assumed Knowledge
Some basic background in undergraduate microeconomics and macroeconomics will be assumed.
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 |
|---|---|
| 2020 | $4500 |
- International fee paying students
| Year | Fee |
|---|---|
| 2020 | $6000 |
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 |
|---|---|---|---|---|---|---|
| 7441 | 27 Jul 2020 | 03 Aug 2020 | 31 Aug 2020 | 30 Oct 2020 | In Person | View |
