Course code ECON4003
Available in 2015
2015 Course Timetables


This course is designed in the format of lecture-reading-seminar. The lecturer discusses recent developments in macroeconomic theory and policy applications with respect to long-run economic growth (theories and empirics), business cycles, inflation, unemployment, dynamics of exchange rates and the balance-of-payments; provides a list of core readings (including journal articles) on selected topics; and leads discussion on macroeconomic stabilisation policy issues in the light of real world developments with an international focus. The students study the readings, prepare research essays on selected topics and make in-class presentations.



  • Semester 1 - 2015

Learning Outcomes

1. Demonstrate an understanding of macroeconomic theories and principles

2. Demonstrate familiarity with research questions and issues and the skills for investigation of contemporary macroeconomic policy issues to draw policy implications especially for countries in the Asia-Pacific.


Lecture topics include but are not restricted to the following:

  1. Post war macroeconomic theories and principles
  2. Monetary Theory & the Conduct of Monetary Policy
  3. Budget deficits, fiscal policy and debt sustainability
  4. Supply Side Reforms
  5. Wage Share & Growth
  6. Sustainable Full Employment


This course is only available to students enrolled in the Bachelor of Commerce (Honours) program.

Assumed Knowledge

Bachelor's degree or equivalent in economics.

Assessment Items

Presentation: Article Reviews and Presentations

Case Study / Problem Based Learning: Written Case study and Presentation

Contact Hours



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