Available in 2017
Course code



10 units


3000 level

Course handbook


This course extends intermediate macroeconomic theory and policy analysis to the advanced examination of both historical and contemporary debates in macroeconomic theory and policy. Students are assisted to access, analyse and synthesise the most recent research on macroeconomic events, policies and developments across the globe. The impact of both domestic and international economic institutions and policy constraints in an open-economy set up on the conduct of policy is emphasised, and illustrated by drawing on international case studies.

Availability2017 Course Timetables


  • Semester 1 - 2017

Learning outcomes

On successful completion of the 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.


This course may include but is not limited to the following topics:

  1. Using appropriate macroeconomic models, analysis of competing schools of macroeconomic thought and issues.   
  2. Debate in macroeconomic theory and policy, including contemporary issues in fiscal and monetary policy, exchange rate arrangements and capital flows, and currency-financial crises.
  3. Transmission of global macroeconomic shocks and issues in financial deregulation and reforms and their implications on financial instability.

Assumed knowledge

ECON1001, ECON1002, ECON2001, ECON2002

Assessment items

Tutorial / Laboratory Exercises: In class activities

Essay: Major essay

In Term Test: Mid-semester Test

Formal Examination: Final Exam

Contact hours



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.