- Code IDEC8008
- 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 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.
Upon successful completion, students will have the knowledge and skills to:
- Demonstrate mastery of advanced concepts, techniques, and theories that drive the research agenda in modern macroeconomics.
- Apply advanced macroeconomic tools to the analysis of macroeconomic dynamics, open economy and finance, and development.
- Explain advanced concepts using intuition and demonstrate competency with the techniques required to model macroeconomic trends and policy challenges.
- Contextualise real world situations and analyse them using advanced theories in macroeconomics.
- Written assignment (1,000 words) (10) [LO 1,2,3,4]
- Mid-semester exam (30) [LO 1,2,3,4]
- 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.
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.
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.
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.
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