International Macroeconomics

Course code ECON3008Units 10Level 3000Faculty of Business and LawNewcastle Business School

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.

Available in 2014

Callaghan CampusSemester 1
Previously offered in 2013, 2012
ObjectivesUpon successful completion of this 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.
ContentThis course may include but is not limited to the following topics:
1. Competing schools of macroeconomic thought.
2. IS/LM analysis.
3. Debates in macroeconomic theory and policy, including supply side reform, Eurozone reform, currency crises and financial instability.
4. The Global Financial Crisis: an advanced analysis.
5. Wage determination with particular reference to minimum wages, executive pay and wage inequality
Replacing Course(s)This course replaces ECON3001 and ECON3300.
TransitionThis course is not available to students who have successfully completed ECON3001.
Industrial Experience0
Assumed KnowledgeECON1001, ECON1002, ECON2001, ECON2002
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Tutorial
Assessment Items
Examination: ClassClass mid semester test
Essays / Written AssignmentsGroup/individual assignments
Examination: Formal
Contact HoursTutorial: for 1 hour(s) per Week for 12 weeks
Lecture: for 2 hour(s) per Week for Full Term
Timetables2014 Course Timetables for ECON3008