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2022 unit information
Not offered in 2022
MAE905
Nil
Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.
1 x 3 hour seminar per week
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.
Be able to analyse various macro data and understand their implications for macroeconomic performance
GLO1: Discipline-specific knoweldge capabilitiesGLO4: Critical thinkingGLO5: Problem solving
ULO2
Determine what factors affect the demand for currency and what determines how agents settle transactions GDP
GLO4: Critical thinkingGLO5: Problem solving
ULO3
Critically analyse and apply various models of consumption and investment behaviour to economic problems
ULO4
Determine the effectiveness of government policies under different conditions
ULO5
Explain the impact of trade policies
ULO6
Apply the macroeconomic theories learned to analyse contemporary economic issues
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment 1: (Individual) Report (Analytical) Problem Set
Assessment 2: (Individual) Report (Analytical) Problem Set
Examination (Closed Book)
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 requirements: achieve at least 50% of the marks available on the examination
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.
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