• Offered by Crawford School of Public Policy
  • ANU College ANU College of Asia and the Pacific
  • Classification Advanced
  • Course subject International and Developmental Economics
  • Areas of interest Economics
  • Academic career PGRD
  • Course convener
    • AsPr Creina Day
  • Mode of delivery In Person
  • Offered in Second Semester 2021
    See Future Offerings

This course is available for in-person and remote (online) learning.

IDEC8002 introduces students to the main classes of models in modern macroeconomics. The course is aimed at providing students with a sound 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:

  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

Indicative Assessment

  1. One final exam (60) [LO null]
  2. One mid-semester exam (40) [LO null]

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. 

Inherent Requirements

Not applicable

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.  

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:
34
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.

Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500
Domestic fee paying students
Year Fee
2021 $2940
International fee paying students
Year Fee
2021 $4890
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
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
On Campus
5368 26 Jul 2021 02 Aug 2021 14 Sep 2021 29 Oct 2021 In Person View
Online
7554 26 Jul 2021 02 Aug 2021 14 Sep 2021 29 Oct 2021 Online View

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