ECON8026 Diploma Macroeconomics

Offered By	School of Economics
Academic Career	Graduate Coursework
Course Subject	Economics
Offered in	Second Semester, 2011 and Second Semester, 2012
Unit Value	6 units
Course Description	Course Description: This course will acquaint students with contemporary modern macroeconomics. Key questions relating to long-terms prospects for the wealth of nations and the short-terms fluctuations in aggregate economic outcomes will be discussed. In addressing these questions, we will need to develop some analytical tools, learn about the modern approaches to macroeconomic modelling, and appreciate the importance of empirical regularities in informing modelling. We will also discuss the relevance of some of these models toward informing macroeconomic policy and business decision making. Students are expected to possess or have the aptitude for some formal mathematical thinking and analysis (at a minimal level of ECON6015 Optimisation Techniques for Economists).
Learning Outcomes	Learning Outcomes: A student successfully completing this course should be able to: Understand key issues and questions in macroeconomics. Develop some idea about how to think about and solve current macroeconomic problems. Understand the connection between assumptions made and the conclusions drawn. Appreciate the shortcomings of models and to provide alternative improvements. Construct logical arguments and provide economic explanations consistent with the workings of the model used. Use analytical and (some) numerical methods in modeling. Work independently, in teams, and to develop intellectual leadership.
Indicative Assessment	Indicative Assessment: The Assessment Structure is comprised of Workshop group problem solving and/or presentations - 10% Mid-semester exam - 20% Final exam - 70%
Workload	3 hrs contact per week plus private study time.
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	At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with introductory level courses in Economics, Statistics and Econometrics
Prescribed Texts	See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8026
Preliminary Reading	See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8026
Indicative Reading List	See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8026
Programs	Graduate Diploma in Applied Economics, Graduate Diploma in Economic Policy, Graduate Diploma in Economics, Graduate Diploma in Economics, Graduate Diploma in Applied Economics, Graduate Diploma in International Trade and Economic Relations, Graduate Diploma in Economic Policy, Graduate Diploma in International Trade and Economic Relations, Master of Economic Policy, and Master of Economic Policy
Other Information	For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8026
Academic Contact	http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8026

The information published on the Study at ANU 2011 website applies to the 2011 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2010 website.