ECON8071 will be taught intensively as part of Summer Session in January in 2011. The timetable is as follows:

The examination will be held at 1.00pm, February 1 2011, in COP G030.

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.

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.

• Assignments, 3 @ 10% - 30%
• Final Examination - 70%
• Total - 100%

4 contact hours per week plus private study time.

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

See Course Website:  http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8071

See Course Website:  http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8071

See Course Website:  http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8071

Current ANU graduate students will be able to enrol themselves in this course on ISIS in early December 2010. Note that for current ANU graduate students an application form is not required.

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8071