This course introduces contemporary theory for examining central questions in macroeconomics: growth, unemployment, inflation, and business cycles.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Be familiar with the main macroeconomic models used to study economic growth and the business cycle
- Be able to formulate in general equilibrium simple intertemporal models of household and firm behaviour
- Understand the key shocks and propagation mechanisms present in business cycle models
- Be able to solve and employ simple stochastic business cycle models to address questions about the macro-economy
Other Information
Indicative Assessment
- Tutorial problem sets/assignments (10%) {You are encouraged to form study groups but you must submit individual answers.} (10) [LO null]
- Mid semester exam (30%) (30) [LO null]
- Final exam (60%) (60) [LO null]
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Workload
12 hours per weekInherent Requirements
Not applicable
Requisite and Incompatibility
Prescribed Texts
Please see class summary for prescribed texts
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 |
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.
First Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 2894 | 17 Feb 2025 | 24 Feb 2025 | 31 Mar 2025 | 23 May 2025 | In Person | N/A |
Second Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 7855 | 21 Jul 2025 | 28 Jul 2025 | 31 Aug 2025 | 24 Oct 2025 | In Person | N/A |
