Available in 2014
| Callaghan Campus | Semester 1 |
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Previously offered in 2013, 2012, 2011
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, especially with a focus on the Asia-Pacific. The students study the readings, prepare research essays on selected topics and make in-class presentations. Assessments are made in the form of formal exams (mid-semester and final) and the presentation of research essays.
| Objectives | At the completion of the course, students will be able to: 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. |
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| Content | Lecture topics are generic and a mix of theory and applications to real world events, including case studies. There is some flexibility in terms of choice, and emphasis, of topics selected. The topics include, not restricted to, the following: 1. Theories of long-run economic growth 2. Theories of economic fluctuations 3. Inflation, unemployment and stabilisation policy 4. Budget deficits, fiscal policy and debt sustainability 5. Dynamics of exchange rates 6. Issues in trade and capital flows 7. Issues in open-economy macroeconomic management |
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| Transition | N/A | ||
| Industrial Experience | 0 | ||
| Assumed Knowledge | Bachelor's degree or equivalent in economics. | ||
| Modes of Delivery | Internal Mode | ||
| Teaching Methods | Lecture
Seminar Tutorial Workshop Computer Lab |
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| Assessment Items |
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| Contact Hours | Lecture: for 2 hour(s) per Week for Full Term | ||
| Timetables | 2014 Course Timetables for ECON4003 |