Advanced Macroeconomics

This subject has the following teaching availabilities in 2016:

Admission into BH-COM, BH-ARTS (Economics), MC-ECO or GD-ECO

OR

Please refer to Prerequisites and Corequisites.

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

This subject presents recent developments in macroeconomics. There will be a mix of theory and applications. The main theories to be covered may include overlapping generations models, dynamic optimisation, real business cycle theory, intertemporal open economy models and the theory of economic growth. Various theories will be illustrated using examples drawn from domestic and international policy issues, as appropriate.

• Explain how macroeconomic researchers identify issues in macroeconomics that are important research topics
• Explain some of the techniques used by macroeconomic researchers to create knowledge;
• Evaluate the contribution of some recently created knowledge in macroeconomics;
• Synthesise some of the recently created knowledge in macroeconomics;
• Apply macroeconomic theory to analyse the potential of macroeconomic policy to improve economic welfare;
• Collaborate with others to present the content of a recent article on macroeconomics from a professional journal;
• Analyse macroeconomic material presented by the lecturer and other students;
• Explain contemporary issues in macroeconomics;
• Describe the role and limitations of government in improving individual welfare.

• A 3-hour end-of-semester examination (70%)
• Class assignments totalling not more than 2000 words (15%)
• A Group Presentation (15%)

You will be advised of prescribed texts by your lecturer.

This subject is not available as a breadth subject.

• High level of development: oral communication; written communication; collaborative learning; 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: problem solving; 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.