Course code ECON4003Units 10Level 4000Faculty of Business and LawNewcastle Business School

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. Assessments are based on the presentations and the research essays.

Available in 2015

Callaghan CampusSemester 1
Previously offered in 2014
ObjectivesAt 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.
ContentLecture 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
Replacing Course(s)N/A
Industrial Experience0
Assumed KnowledgeBachelor's degree or equivalent in economics.
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Essays / Written AssignmentsArticle Reviews
Essays / Written AssignmentsCase studies
Contact HoursLecture: for 2 hour(s) per Week for Full Term
Timetables2015 Course Timetables for ECON4003