Course code ECON4003
Available in 2017
2016 Course Timetables


This course is designed in the format of a lecture-reading-seminar. The course presents a more in-depth coverage of recent developments in macroeconomic theory and applications. The course will provide students with the ability to apply, synthesise and evaluate modern macroeconomic theory and policy frameworks.


Newcastle City Precinct

  • Semester 2 - 2017

Learning Outcomes

On successful 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.


Lecture topics include the following:

  1. Growth models
  2. Real business cycles
  3. Generalised equilibrium models
  4. Stock-flow models
  5. Unemployment and sustainable full employment
  6. Inflation
  7. Fiscal and monetary policies and policy debates.


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

Formal Examination: Final examination in formal exam period

Contact Hours

Newcastle City Precinct


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.