Macroeconomic Principles for Economic Policy ECON7074  - Details

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Offered By: School of Economics
Academic Career: Graduate Coursework
Course Subject: Economics
Offered in: First Semester, 2010 and Second Semester, 2010
Unit Value: 6 units
Course Description:

Macroeconomics is concerned with the operation of the economy as a whole, with attention paid to such things as unemployment, inflation, and interest rates, determination of the level of national income, savings and investment, and the exchange rate and the current account of the balance of payments. The course develops a consistent model of the economy to explore the interactions of key macroeconomic markets and variables and to examine the impacts of different kinds of shocks to the economy and the role of government budgetary and monetary policy in influencing the level of economic activity.

Learning Outcomes: On satisfactorily completing this course, students should be familiar, at a broad level, with economists' approaches to strategic settings.  They should be able to recognize strategic situations and identify the essential elements that determine a strategic context.  They will be familiar with certain game forms, with notions of equilibrium and with some solution techniques for simple games and should be able to determine some solutions in explicit cases.
Indicative Assessment:
  • 15 Marks for Tutorial Test
  • 35 Marks for the Mid-Semester Examination 
  • 50 Marks for the Final End-of-Semester Examination 
  • 15 Marks (redeemable) Essay
Workload:

Three lectures a week with tutorials

Course Classification(s): TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses.
Areas of Interest: Economics
Eligibility: At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree.
Requisite Statement: Completion of or concurrent enrolment in ECON7073 Microeconomic Principles for Economic Policy.
Prescribed Texts: See Course Website
Preliminary Reading:

See Course Website

Programs: Graduate Certificate in Economic Policy
Other Information:

See Course Website

Academic Contact: See: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON7074