- Code IDEC8002
- 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.
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.
Upon successful completion, students will have the knowledge and skills to:
- Recognise key concepts, theories and core models of macroeconomics
- Apply these tools to the analysis of a variety of illustrations and examples, including empirical trends and implications for policymakers
- Explain macroeconomic concepts, graphically, mathematically and in writing, to a professional standard
- Evaluate real world events and data using macroeconomic analysis
- One final exam (60) [LO null]
- One mid-semester exam (40) [LO null]
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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.
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
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
Some basic background in undergraduate microeconomics and macroeconomics will be assumed.
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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