Courses & Units

Monetary and Fiscal Policy BEA320



This unit uses a contemporary macroeconomic modelling framework to analyse the role of fiscal and monetary policies on economic outcomes. The study of fiscal policy includes the role of stimulus during recessions, and the impact and consequences of government expenditures and tax policies on its budget, debt and on private sector behaviour. The study of monetary policy includes business cycle stabilization and inflation targeting by central banks with conventional and unconventional policies when the zero lower bound constrains interest rates. Students who successfully complete this unit will be able to critically discuss and examine current economic conditions and policies using economic models as a tool for organising their arguments.


Unit name Monetary and Fiscal Policy
Unit code BEA320
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics
Coordinator Doctor Oscar Pavlov
Available as an elective? No
Delivered By University of Tasmania
Level Advanced


Location Study period Attendance options Available to
Hobart Semester 1 On-Campus International Domestic
Online Semester 1 Off-Campus International Domestic


International students
Domestic students

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Key Dates

Study Period Start date Census date WW date End date
Semester 1 20/2/2023 21/3/2023 10/4/2023 28/5/2023

* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).

Unit census dates currently displaying for 2023 are indicative and subject to change. Finalised census dates for 2023 will be available from the 1st October 2022. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

  • Apply economic models to the analysis of economies and critically evaluate fiscal and monetary policies.
  • Communicate policy analysis as well as evidence-based policy recommendations.
  • Access, analyse and interpret economic data.
Field of Education Commencing Student Contribution 1,3 Grandfathered Student Contribution 1,3 Approved Pathway Course Student Contribution 2,3 Domestic Full Fee 4
091901 $1,892.00 $1,482.00 not applicable $2,472.00

1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.

If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.

Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.





AssessmentMid-semester test (30%)|Group Assignment (30%)|Take-home exam (40%)
TimetableView the lecture timetable | View the full unit timetable



You will need the following text [available from the Co-op Bookshop]:

Stephen D. Williamson (2018). Macroeconomics, 6th Global Edition. Pearson Education Limited.

The following additional readings will be posted on MyLO: 

Chapter 6: Growth and Ideas. Charles I. Jones (2016). Macroeconomics, 4e International Student Edition, W.W. Norton & Company, New York. 

Mankiw, N.G., Romer, D., Weil, D.N., (1992). A Contribution to the Empirics of Economic Growth. The Quarterly Journal of Economics 107, 407-437. 


Supplementary readings and resources will be made available on MyLO.

LinksBooktopia textbook finder

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