ECON8071 Modelling the Open Economy
| Offered By | School of Economics | ||||||
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| Academic Career | Graduate Coursework | ||||||
| Course Subject | Economics | ||||||
| Offered in | Summer Session, 2010 and Summer Session, 2011 | ||||||
| Unit Value | 6 units | ||||||
| Course Description |
Please note: ECON8071 will be taught intensively over January in 2010. The timetable for this course is as follows:
Graduate students can enrol into this courses using ISIS. The course is designed to investigate some key issues and events in the modern international economy through the use of simple quantitative general equilibrium analysis. The course introduces students to the construction and use of advanced numerical models that make that analysis possible. |
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| Learning Outcomes | The course is designed to investigate key issues and events in the modern international economy through the use of quantitative economy-wide models. All graduates of the ANU who practice as economists, even if they never become involved in modelling the Australian or world economies, will need to interpret the results from such models. They include the Monash Model, the McKibbin "G-Cubed" Model, the GTAP Model, the Murphy Model and the ABARE GTEM Model, but numerous others are developed and used by economics consulting houses (such as the Centre for International Economics Inc and Access Economics) for the express purpose of supporting decision analysis by governments and private institutions. These are in constant use by branches of state and federal government departments and agencies, commercial banks and large firms to analyse shocks to the economy, including prospective changes in government policies at home and abroad. It is impossible to interpret their results without at least some experience constructing and working with such models, albeit on a smaller scale. So the course has the dual objectives of introducing students to advanced analysis of the open economy and to the construction and use of the types of models that make that analysis possible. | ||||||
| Indicative Assessment |
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| Workload |
4 contact hours per week plus private study time. |
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| Course Classification(s) | AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. | ||||||
| Areas of Interest | Economics | ||||||
| Eligibility | An honours degree in Economics with H2A or higher, or completion of a Graduate Diploma in Economics with an exit grade of Merit or better | ||||||
| Prescribed Texts |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8071 |
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| Preliminary Reading |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8071 |
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| Indicative Reading List |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8071 |
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| Programs | Master of Economics, Master of Applied Economics, and Master of International Trade and Economic Relations | ||||||
| Other Information |
Current ANU students will be able to enrol themselves in this course on ISIS in early December 2009. Note that for current ANU students an application form is not required. For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8071 |
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| Academic Contact | See: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8071 |
The information published on the Study at ANU 2010 website applies to the 2010 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2009 website.
