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Unit of study_

Macroeconomics Analysis 2 - ECON6902

Year - 2019

The goal of this unit is to present a coherent framework for thinking about fundamental issues in macroeconomics in a national and international context. This framework provides microeconomic foundations and involves inter-temporal analysis which assumes a basic understanding of dynamic programming. Various dynamic modelling strategies - finite and infinite horizon models, OLG models - are compared with reference to issues such as Ricardian equivalence. The role of international capital markets in uncertain open economies is studied, and asset pricing and investment in global macroeconomic equilibrium using Arrow-Debreu contingent claims is explained. The roles of money, the implications of imperfections such as nominal rigidities, and the connections to modern growth theory are developed in this general framework.

Classes
1x3hr seminar/week

Assessment
problem sets (15%), presentation and participation (15%), Mid-semester test (30%) and 3hr Final exam (40%)

Additional information
Students must seek written permission from the School of Economics Postgraduate Coordinator to enrol in this unit.

Pre-requisites

Distinction or higher in ECON6002

Details

Faculty: Arts and Social Sciences

Semester 1

25 Feb 2019

Department/School: Economics
Study Mode: Normal (lecture/lab/tutorial) day
Census Date: 31 Mar 2019
Unit of study level: Postgraduate
Credit points: 6.0
EFTSL: 0.125
Available for study abroad and exchange: Yes
Faculty/department permission required? No
Location
Camperdown
Courses that offer this unit

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