IDEC8002 Macroeconomic Analysis and Policy
| Offered By | International and Development Economics Program |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | International and Developmental Economics |
| Offered in | Second Semester, 2011 and Second Semester, 2012 |
| Unit Value | 6 units |
| Course Description |
This series of lectures will acquaint students with the analytical tools of modern macroeconomics in a way that develops intuition and technical know how. We review some fundamental models of the short-run Keynesian variety, before discussing the micro-foundations of savings and investment decisions by individual agents, and the long-run determinants of the aggregate growth rate of the economy. The importance of strategic interactions and externalities for aggregate outcomes will also be emphasized. |
| Learning Outcomes |
On satisfying the requirements for this course, students will have the knowledge and technical skills to approach Masters level courses on macroeconomics and to critically assess policy debates. |
| Indicative Assessment |
There will be one final exam (75%), and one mid-semester exam (25%, redemptive). |
| Workload |
Two hours of lectures and 1 hour of tutorials. Depending on prior background the student should expect to spend around 6-10 hours per week on the course material. |
| 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. and SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. |
| Areas of Interest | Economics |
| Eligibility |
Students are expected to be comfortable with undergraduate mathematical economics, particularly optimization. |
|
Assumed Knowledge and Required Skills |
Some basic background in undergraduate microeconomics and macroeconomics will be assumed. |
| Recommended Courses |
Graduate Diploma Microeconomics (IDEC 8004). |
| Prescribed Texts |
Romer, Advanced Macroeconomics, McGraw Hill (3rd Edition). |
| Programs | Graduate Certificate in International and Development Economics, Graduate Diploma in Environmental and Resource Economics, Graduate Diploma in International and Development Economics, Graduate Diploma in International and Development Economics, Graduate Diploma in Environmental and Resource Economics, and Graduate Certificate in International and Development Economics |
| Other Information |
Delivery Mode: On Campus. |
| Academic Contact | Ms Creina Day |
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.
