International Macroeconomics (ECOS3007)


This unit studies macroeconomic theory and policy in a global trading world. The microfoundations of the various sectors are examined in the context of an open economy. The evolution of international money and capital markets is described, the operation of the foreign exchange market is examined, showing how its microstructure affects its macro performance. Theories and tests of the efficiency of international capital markets are surveyed, as well as core theories and tests of exchange rate and asset price determination. The unit develops the macroeconomic implications of monetary and fiscal policies for small and large open economies for different regimes.

Our courses that offer this unit of study

Further unit of study information


1x2hr lecture/week, 1x1hr tutorial/fortnight


assignments (20%) and Mid-semester test (20%) and 1x2hr Final exam (60%)

Faculty/department permission required?


Unit of study rules

Prerequisites and assumed knowledge

ECOS2002 or ECON2002 or ECOS2902 or ECON2902



Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.