Postgraduate Coursework Units of Study

ECON6903 - Topics in Bus. Cycles & Monetary Policy

Semester 1, 2014  |  Credit Points: 6

Coordinator: Denny Lie
Phone: +61 2 9036 9104
Email: denny.lie@sydney.edu.au

Description

This unit is designed to provide an understanding of selected topics at the frontier of academic research in the area of advanced macroeconomics, focusing on business cycles and monetary policy. We will spend the first half of the course developing essential tools used in macroeconomics and studying canonical micro-founded rational expectations general equilibrium models, originated from the real business cycles literature. The rest of the course will focus on nominal frictions within a New Keynesian/New Neoclassical framework and their implications for monetary policy. We will also discuss the merits and the shortcomings of these models and examine how these failings have been addressed in the literature. A central aim of this unit of study is to enable students to undertake further theoretical or empirical research in the area of business cycles and monetary policy.

Assessments

written assignments (40%), participation (10%) and 1x2hr final exam (50%)

Classes

1x2-hr lecture/week

Prerequisites

ECON6001 and ECON6002 and ECON6003 and ECMT6002

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