- Code IDEC8008
- Unit Value 6 units
- Offered by Crawford School of Public Policy
- ANU College ANU College of Asia and the Pacific
- Course subject International and Developmental Economics
- Areas of interest Economics
- Academic career PGRD
- AsPr Creina Day
- Mode of delivery In Person
Second Semester 2020
See Future Offerings
All activities that form part of this course will be delivered remotely in Sem 2 2020.
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.
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
Mid-term Exam (40%) and final exam (60%).
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.
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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.
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..
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.
Students are expected to be familiar with intermediate macroeconomic theory and with undergraduate mathematical economics.
Tuition fees are for the academic year indicated at the top of the page.
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- Student Contribution Band:
- Unit value:
- 6 units
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Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.