International Macroeconomics


This course extends intermediate macroeconomic theory and policy analysis to the advanced examination of both historical and contemporary debates in theory and policy, with particular reference to the operation of the labour market. Students are assisted to access, analyse and synthesise the most recent theoretical and empirical research. The impact of both domestic and international economic institutions on the conduct of policy is emphasised, and illustrated by drawing on international case studies. Students will gain a deeper understanding of the competing perspectives about the conduct of macroeconomic and labour market policy.



  • Semester 1 - 2017

Learning Outcomes

On successful completion of the course students will be able to:

1. Assess competing theoretical arguments about the operation of the macroeconomy and its impact on the labour market.

2. Demonstrate a deep analytical understanding of contemporary public policy issues;

3. Access and analyse macroeconomic data which are pertinent to contemporary macroeconomic and labour market debates internationally;

4. Engage in critical thinking through the comparative assessment of competing macroeconomic and labour market models and policy frameworks.

5. Engage in team processes to analyse and communicate data outcomes.


This course may include but is not limited to the following topics:

  1. Competing schools of macroeconomic thought.
  2. Debate in macroeconomic theory and policy, including supply side reform, unconventional monetary policy, Eurozone reform, and currency crises.
  3. Financial Instability (GFC) and reform.
  4. Wage determination with particular reference to minimum wages, executive pay and wage inequality

Assumed Knowledge

ECON1001, ECON1002, ECON2001, ECON2002

Assessment Items

Tutorial / Laboratory Exercises: In class activities

Essay: Major essay

In Term Test: Mid-semester Test

Formal Examination: Final Exam

Contact Hours



Face to Face On Campus 2 hour(s) per Week for Full Term

Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.