The course will build on and extend material presented in ECON8022 Macroeconomic Theory. We will cover an equal amount of theory and applications. Students are expected to be comfortable with analytical thinking and have an aptitude for developing computational skills. Topics will include the study of: (i) Non-optimal dynamic economies; (ii) heterogenous agent models with incomplete markets; and (iii) strategic interactions in dynamic environments. These model environments are both of theoretical interest and find applications in modern macroeconomic quantitative analysis and policy.
Upon successful completion, students will have the knowledge and skills to:
A student who successfully passes this course is expected to possess the following ability to:
• Read and understand recent developments published in rigorous professional outlets.
• Distil complex dynamic economic problems or facts into a parsimonious and relevant modeling framework. This involves discerning what are important assumptions to make in modelling, when faced with a given issue to address.
• Understand the connection between assumptions made and the conclusions drawn.
• Appreciate the shortcomings of models and to provide alternative improvements.
• Construct logical arguments and provide economic explanations consistent with the workings of the model used.
• Use analytical and numerical methods in modelling.
• Work independently, in teams, and to develop intellectual leadership.
Tuesday, 26 June: 2 lectures (4 hours)
Wednesday, 27 June: 2 lectures (4 hours)
Wednesday, 4 July: 2 lectures (4 hours)
Thursday, 5 July: 2 lectures (4 hours)
Friday, 6 July: 2 lectures (4 hours)
Preferred time: 1pm to 4pm
See the course outline on the College courses page. Outlines are uploaded as they become available.
The Assessment Structure comprises of problems sets and/or assignments and a final examination/project (with possibility of a 24-hour take-home component).
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Requisite and Incompatibility
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
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