Macroeconomics 2

Subject ECON90047 (2015)

Note: This is an archived Handbook entry from 2015.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2015:

Semester 1, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 02-Mar-2015 to 31-May-2015
Assessment Period End 26-Jun-2015
Last date to Self-Enrol 13-Mar-2015
Census Date 31-Mar-2015
Last date to Withdraw without fail 08-May-2015


Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: Two 1-hour lectures and one 1-hour workshop per week
Total Time Commitment:

Estimated total time commitment of 120 hours per semester

Prerequisites:

ECON90032 Macroeconomics for Managers

Subject
Study Period Commencement:
Credit Points:
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Coordinator

Mr Efrem Castelnuovo

Contact

efrem.castelnuovo@unimelb.edu.au

Subject Overview:

This subject develops the analytical skills routinely used by practicing macroeconomists. These may include: theories of long-run economic growth; the flexible and sticky price macroeconomic models; open economy macroeconomic models; and the analysis of macroeconomic policy making.

Learning Outcomes:

On successful completion of this subject students should be able to:

  • Use a range of macroeconomic models to explain macroeconomic issues;
  • Evaluate the merits of competing approaches to macroeconomics;
  • Formulate key ideas in macroeconomics using models such as the AD-AS and IS-LM models;
  • Explain the role of expectations in modern macroeconomics.
Assessment:
  • Two-hour final examination (50%);
  • Mid-semester test conducted in week 6 (30%); and
  • Four 10-20 page class assignments (5% each) due in weeks 3, 5, 9 and 11 (20%)
Prescribed Texts:

You will be advised of prescribed texts by your lecturer.

Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

On successful completion of this subject, students should have improved the following generic skills:

  • High level of development: written communication; collaborative learning; problem solving; team work; application of theory to practice; critical thinking; synthesis of data and other information; evaluation of data and other information.
  • Moderate level of development: oral communication; interpretation and analysis; accessing data and other information from a range of sources; receptiveness to alternative ideas.
  • Some level of development: statistical reasoning; use of computer software.
Related Course(s): Master of Public Administration
Master of Public Administration (Enhanced)
Related Majors/Minors/Specialisations: 100 Point Master of Social Policy
150 Point Master of Social Policy
200 Point Master of Social Policy

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