Postgraduate Coursework Units of Study

ECON5002 - Macroeconomic Theory

Semester 1, 2011  |  Credit Points: 6

Coordinator: Matthew Luke Smith

Description

This unit presumes no prior exposure to economics and aims, by the end of the unit, to bring a proficiency equivalent to that of students with an intermediate level macroeconomics unit in an Honours degree program. Many economic principles developed in this unit are be routinely used in several other units in the program. Macroeconomics studies aggregate economic behaviour. The unit covers theories of the engines of long-run economic growth, of unemployment, of money, inflation, the interest rate and the exchange rate, as well as consumption, saving and investment behaviour. The unit also studies a number of applications of the theory and addresses contemporary macroeconomic problems and policy.

Assessments

Online quizzes (20%), mid semester exam (30%), final exam (50%)

Classes

1x 3hr seminar per week

Prohibitions

ECON5003

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