Available for on-campus & remote (online) learning. Students participate in interactive, real-time classes.
This course is designed to introduce the theoretical and practical bases of large-scale economic modeling of the global economy. Students will learn the fundamentals of constructing a global simulation model based on the G-Cubed general equilibrium model. They will then analyse a number of macroeconomic policy problems using this model. Students will learn how to use the model to generate a set of results and also how to to interpret those results. Students will write a report that uses insights from their modeling to contribute to an existing literature on a major macroeconomic policy problem. This course is designed for Master and PhD students with a strong understanding of economics.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Understand the conceptual basis of large-scale general equilibrium models.
- Demonstrate a degree of proficiency in using the G-Cubed global economic model.
- Design model scenarios to understand complex economic issues.
- Evaluate macroeconomic policy questions in the G-Cubed model framework.
- Critically interpret and communicate macroeconomic modelling results for policy analysis.
Indicative Assessment
- Problem set 1 (10) [LO 1]
- Problem set 2 (10) [LO 1,2]
- Mid-term essay (2,000 words) (30) [LO 1,2,3,4,5]
- Research essay (3,000 words) (50) [LO 1,4,5]
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.
Workload
The standard workload for a 6 unit course is 130 hours including class time and independent study.
Inherent Requirements
None
Prescribed Texts
NA
Preliminary Reading
McKibbin W and Wilcoxen P (2013) 'A global approach to energy and the environment: The G-cubed model', Handbook of Computable General Equilibrium Modeling, Elsevier, 2013, Chapter 15, pp 995-1068.
Dixon PB and Jorgenson DW (2013) 'Introduction', Handbook of Computable General Equilibrium Modeling, Elsevier, 2013, Chapter 1, pp 1-22.
Assumed Knowledge
This is a Masters and PhD-level course in Economics. A high level of microeconomics and mathematics (including calculus) is assumed. Computer skills are required.
Fees
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:
- 34
- 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.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- 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 |
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.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.