This unit provides an understanding of topics at the frontier of macroeconomics. The first half of the unit develops tools used in macroeconomics and studies the canonical real business cycle model. We will also study models that incorporate health dynamics to understand the implications of a pandemic. The unit then focuses on nominal frictions within a New Keynesian framework and their implications for monetary policy. We also discuss merits and shortcomings of these models and examine how these failings have been addressed in the literature. A central aim of the unit is to enable students to undertake further theoretical or empirical research in macroeconomics.
Unit details and rules
Academic unit | Economics |
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Credit points | 6 |
Prerequisites
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(ECON6001 or ECON6701) and (ECON6002 or ECON6702) and (ECON6003 or ECON6703) and (ECMT6002 or ECMT6702) |
Corequisites
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None |
Prohibitions
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None |
Assumed knowledge
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None |
Available to study abroad and exchange students | Yes |
Teaching staff
Coordinator | Mariano Kulish, mariano.kulish@sydney.edu.au |
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