- 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 2021
See Future Offerings
This course is available for in-person and remote (online) learning.
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:
- Recognise key concepts, theories and models of macroeconomics
- Apply macroeconomic tools to the analysis of a variety of real world events, empirical trends and policy
- Communicate concepts, graphically, mathematically and in writing, to a professional standard
- Evaluate real world events and illustrate their arguments in terms of relevant macroeconomic models
- Mid-term Exam (40) [LO null]
- Final exam (60) [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.
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.
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
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