- Class Number 7528
- Term Code 3160
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Chung Tran
- Chung Tran
- Class Dates
- Class Start Date 26/07/2021
- Class End Date 29/10/2021
- Census Date 14/09/2021
- Last Date to Enrol 02/08/2021
This course introduces the student to methods and issues in contemporary macroeconomics. A good understanding of the various macroeconomic issues and models is vital for any student of economics, business and finance. A central theme is the inter-relationship between empirical macroeconomic outcomes and theoretical constructs for explaining or understanding these outcomes. These models can also be used to understand and re-invent macroeconomic policies. In this course we also aim to bring the themes in undergraduate macroeconomic studies closer to what is taught in graduate courses, and also closer to how macroeconomics is done in the best universities and policy institutions such as the U.S. Federal Reserve, the International Monetary Fund, the European Central Bank, Bank of England, the Reserve Banks of New Zealand and Australia.
Upon successful completion, students will have the knowledge and skills to:
- Possess a coherent set of ideas for understanding macroeconomic phenomena and policy issues
- Understand the assumptions, structure and micro-foundations of a macroeconomic model and understand its power and shortcomings
- Formulate a relevant model and use such analytical tools in addressing a key macroeconomic question independently
- Understand the different ways in which economic issues can be tackled.
This course will bring ANU ECON2102 students to the frontier research and cutting-edge modelling tools in contemporary macroeconomics. It will cover all pressing macroeconomic issues Australia faces now and years to come.
Examination Material or equipment
 Computer and internet access
 Paper, pen, pencil, and calculator
 Camera to take photos of the exam papers
 Software to scan and pdf files
 Internet access
 Computer/smart phone to access online learning materials
 Stephen D. Williamson, “Macroeconomics”. Pearson Addison Wesley Publishers (International version). The online version of this book is available. You can purchase the textbook online or from the bookstore on campus.
 My lecture notes and slides
 Other discussion materials posted in the wattle site.
Students will be given feedback in the following forms in this course:
- written comments
- verbal comments
- feedback to whole class, groups, individuals, focus group etc
ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.
|Week/Session||Summary of Activities||Assessment|
|1||Introduction and Review||Chapters 1-3|
|2||Economic Growth: Facts and Theory||Chapters 7-8|
|3||Economic Growth: Macroeconomic Policy and Growth||Chapters 7-8; online quiz 1|
|4||Microfoundations: Household and Firm Behaviours||Chapters 4|
|5||One Period Macroeconomic Model||Chapter 5|
|6||Saving and Investment Decisions||Chapters 9-10; possible mid-semester exam|
|7||Two Period Model||Chapter 10|
|8||Dynamic General Equilibrium Model||Chapter 11; online quiz 2|
|9||Dynamic General Equilibrium Model: Applications||Chapter 11|
|10||Money, Banking, Prices and Monetary Policy||Chapter 12; online quiz 3|
|11||Real Business Cycle Model||Chapter 13|
|12||New Keynesian Model||Chapter 14; online quiz 4|
Tutorials will be delivered either online or in person.
You are expected to attend one tutorial each week from Week 2.
You must enroll in a tutorial using the Wattle site for this course, and attend the tutorial in which you are enrolled.
Further information will be available on the Wattle course site in O-week.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Assessment 1: Online quiz 1 through Wattle (15-30 minutes)||5 %||09/08/2021||13/08/2021||1,2,3,4|
|Assessment 2: Mid-Semester Exam through Wattle and Zoom with camera on (60-90 minutes)||25 %||30/08/2021||03/09/2021||1,2,3,4|
|Assessment 3: Online quiz 2 through Wattle (15-30 minutes)||5 %||27/09/2021||01/10/2021||1,2,3,4|
|Assessment 4: Online quiz 3 through Wattle (15-30 minutes)||5 %||11/10/2021||15/10/2021||1,2,3,4|
|Assessment 5: Online quiz 4 through Wattle (15-30 minutes)||5 %||25/10/2021||29/10/2021||1,2,3,4|
|Assessment 6: Final exam through Wattle and being invigilated via Zoom with camera on (90-120 minutes)||55 %||08/11/2021||30/11/2020||1,2,3,4|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:
The ANU is using 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. For additional information regarding Turnitin please visit the Academic Integrity . In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.
Moderation of Assessment
Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.
Due to travel restrictions this course will be delivered through online platforms. Aspects of the delivery will be asynchronous. However, there will be synchronous activities also taking place. Details on the delivery of this course and expectations of student participation are outlined in further detail on the Wattle course site by O-week.
+ Weekly lectures (F2F or Zoom)
+ Weekly tutorials (F2F or Zoom)
See information above in assessment tasks.
Assessment Task 1
Learning Outcomes: 1,2,3,4
Assessment 1: Online quiz 1 through Wattle (15-30 minutes)
This test provides feedback on your progress. It will be administered online during week 3 and cover all topics in chapters 1-3. The results are released upon the close of the quiz. Students who miss the online quiz will be able to count the final exam for bigger weighting of the total mark. The results will be given back to students immediately or within a week after the quiz. Further details will be given in the course outline and also posted in the Wattle site in Week 2.
Assessment Task 2
Learning Outcomes: 1,2,3,4
Assessment 2: Mid-Semester Exam through Wattle and Zoom with camera on (60-90 minutes)
The exact dates for each course will be announced by the University. The online mid-semester exam is not compulsory but recommended. Students who skip the mid-semester will be able to count the final exam for bigger weighting of the total mark. The exam will be held over wattle and invigilated via Zoom using camera. The results will be given back to students after the break. Further details will be given in the course outline and also posted in the Wattle site in Week 5.
Assessment Task 3
Learning Outcomes: 1,2,3,4
Assessment 3: Online quiz 2 through Wattle (15-30 minutes)
This test provide feedback on your progress in week 8. The results are released upon the close of the quiz. Students who miss the online quiz will be able to count the final exam for bigger weighting of the total mark. The results will be given back to students immediately or within a week after the quiz. Further details will be given in lectures or in wattle. Further details will be given in the course outline and also posted in the Wattle site one week in advance.
Assessment Task 4
Learning Outcomes: 1,2,3,4
Assessment 4: Online quiz 3 through Wattle (15-30 minutes)
This test provide feedback on your progress in week 10. The results are released upon the close of the quiz. Students who miss the online quiz will be able to count the final exam for bigger weighting of the total mark. Further details will be given in lectures or in wattle. The results will be given back to students immediately or within a week after the quiz. Further details will be given in the course outline and also posted in the Wattle site one week in advance.
Assessment Task 5
Learning Outcomes: 1,2,3,4
Assessment 5: Online quiz 4 through Wattle (15-30 minutes)
This test provide feedback on your progress in week 12. The results are released upon the close of the quiz. Students who miss the online quiz will be able to count the final exam for bigger weighting of the total mark. Further details will be given in lectures. The results will be given back to students immediately or within a week after the quiz. Further details will be given in the course outline and also posted in the Wattle site one week in advance.
Assessment Task 6
Learning Outcomes: 1,2,3,4
Assessment 6: Final exam through Wattle and being invigilated via Zoom with camera on (90-120 minutes)
The exact dates for each course will be announced by the University. The final exam (90-120 minutes) is compulsory for all students. The exam will be held over Wattle and invigilated via Zoom. The final results will be announced by the University in 2 December. Further details will be given in the course outline and also posted in the Wattle site during weeks 10-12.
Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.
The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.
The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.
You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.
For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.
Individual assessment tasks may or may not allow for late submission. Policy regarding late submission is detailed below:
- Late submission not permitted. If submission of assessment tasks without an extension after the due date is not permitted, a mark of 0 will be awarded.
Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.
Extensions and Penalties
Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.
Distribution of grades policy
Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.
Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.
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Macroeconomics, Public Finance and Development Economics