• 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 2023
    See Future Offerings

This course is available for on-campus & remote (online) learning. All students participate in interactive, real-time classes.

This course covers a range of topics driving the research agenda in modern macroeconomics. Topics include international finance and open economy macroeconomics, macroeconomic dynamics, population and development, finance and investment, macroeconomic policy under uncertainty, and globalisation, trade and development. 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.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

  1. Demonstrate mastery of advanced concepts, techniques, and theories that drive the research agenda in modern macroeconomics.
  2. Apply advanced macroeconomic tools to the analysis of macroeconomic dynamics, open economy and finance, and development.
  3. Explain advanced concepts using intuition and demonstrate competency with the techniques required to model macroeconomic trends and policy challenges.
  4. Contextualise real world situations and analyse them using advanced theories in macroeconomics.

Indicative Assessment

  1. Written assignment (1,000 words) (10) [LO 1,2,3,4]
  2. Mid-semester exam (30) [LO 1,2,3,4]
  3. Final exam (60) [LO 1,2,3,4]

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.


A standard course workload is 130 hours including in class times and independent study.

Inherent Requirements

Not applicable

Prescribed Texts

The textbooks for this course are:

Jones, Charles I. and Vollrath, Dietrich (2013) Introduction to Economic Growth, 3rd edition, W.W. Norton.

Romer, David (2019) Advanced Macroeconomics, 5th edition, McGraw Hill.

A detailed outline to accompany the course schedule, with suggested readings in parentheses, will be posted on Wattle.

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 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).

Obstfeld, Maurice and Kenneth Rogoff (1996) Foundations of International Macroeconomics, MIT Press.

Assumed Knowledge

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

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.

6.00 0.12500
Domestic fee paying students
Year Fee Description
2023 $4560 Standard Rate
2023 $3600 Grandfathered Rate*

*continuing students in nominated programs only. See fee website

International fee paying students
Year Fee
2023 $5820
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.

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
5416 24 Jul 2023 31 Jul 2023 31 Aug 2023 27 Oct 2023 In Person View
7300 24 Jul 2023 31 Jul 2023 31 Aug 2023 27 Oct 2023 Online View

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