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MAE907 - Macroeconomic Theory II

Year:

2022 unit information

Enrolment modes:

Not offered in 2022

Credit point(s):1
EFTSL value:0.125
Cohort rule:This unit is only available to students enrolled in M900 - Doctor of Philosophy
Prerequisite:

MAE905

Corequisite:Nil
Incompatible with:

Nil

Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - campus:

1 x 3 hour seminar per week

Content

Today, macroeconomists have turned to fully specified equilibrium models to understand the economy. Modern macroeconomic models have microeconomic foundations and are usually explicitly dynamic. This unit will cover some of the basic frameworks that macroeconomists use to understand a variety of topics such as consumption and saving decisions, the role of liquidity and aggregate activity, business cycles and volatility, economic growth, labour markets, financial intermediation or optimal taxation. The topics that will be covered in the course all share two hallmarks of modern???macroeconomic theory: (i) intertemporal choice and (ii) choice under uncertainty. This course, by exposing you to past and ongoing research in the field, will equip you with the tools necessary to embark on your own research. 

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Be able to analyse various macro data and understand their implications for macroeconomic performance

GLO1: Discipline-specific knoweldge capabilities
GLO4: Critical thinking
GLO5: Problem solving

ULO2

Determine what factors affect the demand for currency and what determines how agents settle transactions GDP

GLO4: Critical thinking
GLO5: Problem solving

ULO3

Critically analyse and apply various models of consumption and investment behaviour to economic problems

GLO4: Critical thinking
GLO5: Problem solving 

ULO4

Determine the effectiveness of government policies under different conditions

GLO4: Critical thinking
GLO5: Problem solving

ULO5

Explain the impact of trade policies

GLO4: Critical thinking
GLO5: Problem solving

ULO6

Apply the macroeconomic theories learned to analyse contemporary economic issues

GLO4: Critical thinking
GLO5: Problem solving

These Unit Learning Outcomes are applicable for all teaching periods throughout the year

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week

Assessment 1: (Individual) Report (Analytical) Problem Set 

2000 words 25% Week 6

Assessment 2: (Individual) Report (Analytical) Problem Set 

2000 words 25% Week 10

Examination (Closed Book) 

3 hours 50% Exam period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Hurdle requirement

Hurdle requirements: achieve at least 50% of the marks available on the examination

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MAE907 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

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