- Code IDEC8030
- 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
- Academic career PGRD
- Dr Weifeng Liu
- 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.
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%).
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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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.
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- 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, Dates and Class Summary Links
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.