• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Course subject Economics
  • Academic career UGRD
  • Course convener
    • Prof Markus Brueckner
  • Mode of delivery In Person
  • Co-taught Course
  • Offered in First Semester 2023
    See Future Offerings

This course will provide students with models that can be used to analyse issues in international monetary economics. The course introduces students to so-called global imbalances and the basic stylized facts about current accounts with cross-section and the time-series of selected countries such as the US and China. Issues of current account sustainability will also be addressed. The underlying intertemporal modelling framework will be applied to the current account and be used to understand the macroeconomic effects of external shocks, such as changes in terms of trade and the world interest rate. Students will also learn about the effects that endowment and productivity shocks have on consumption, saving, investment, the trade balance, and the current account. These effects will be analysed for small and for large open economies. Students will learn about the real exchange rate and use the intertemporal modelling framework to analyse its determinants. Towards the end of the course, students will learn about capital market integration and the effects of capital controls. The last lecture concludes the course with a discussion of the most recent World Economic Outlook that is produced semi-annually by the International Monetary Fund.

Learning Outcomes

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

  1. demonstrate an understanding of the core theoretical models used by economists in the field of international monetary economics;
  2. apply these models to contemporary issues in international monetary economics;
  3. explain and demonstrate an understanding of some of the associated empirical implications and policy issues in international monetary economics;
  4. critically evaluate and analyse newspaper and magazine articles covering events about international monetary economics in the world.

Indicative Assessment

  1. Assessment will consist of a Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details. (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.

Inherent Requirements

Not applicable

Requisite and Incompatibility

To enrol in this course, you must have completed: ECON2101; and ECON2102 or ECON2016.

Prescribed Texts

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

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
2023 $4560
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.

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
4435 20 Feb 2023 27 Feb 2023 31 Mar 2023 26 May 2023 In Person View

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