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:
- define a coherent set of ideas for understanding macroeconomic phenomena and policy issues;
- demonstrate an understanding of the assumptions, structure and micro-foundations of a macroeconomic model and its power and shortcomings;
- formulate a relevant model and use such analytical tools in addressing a key macroeconomic question independently;
- demonstrate an understanding of the different ways in which economic issues can be tackled.
- A combination of tutorial problem sets, in-tutorial tests, a mid-term examination and a final examination. (100) [LO 1,2,3,4]
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130 hours in total over the semester consisting of lectures, tutorials and private study time.
Requisite and Incompatibility
See Class Summary
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.
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- 6 units
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Offerings, Dates and Class Summary Links
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Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|7038||24 Jul 2023||31 Jul 2023||31 Aug 2023||27 Oct 2023||In Person||N/A|