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This unit presents students with an advanced undergraduate level treatment of macroeconomic theory and policy. It provides an analysis of macroeconomic theory and development of the modern macroeconomic modelling framework, with emphasis on the role of monetary policy, fiscal policy and open economy influences on economic outcomes. Students will learn to critically discuss and examine current economic conditions and policies using rigorous economic theoretical frameworks.

Summary 2020

Unit name Monetary and Fiscal Policy
Unit code BEA320
Credit points 12.5
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics and Finance

Dr Oscar Pavlov

Level Advanced
Available as student elective? Yes
Breadth Unit? No



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About Census Dates

Learning Outcomes

  • LO1: Apply theoretical macroeconomic models to discuss the behaviour of households, firms and government and apply an economic way of thinking to discuss real world problems.
  • LO2: Use appropriate economic models and graphical techniques to: support the economic analysis of closed and open economies; assess various macroeconomic issues and policies.
  • LO3: Discuss critically from different perspectives, a range of contemporary and topical macroeconomic theory and policy related issues across various economies.






Teaching Pattern

1 x 2 hour lecture, 1 hour workshop per week. Please check the unit outline for details.


Quiz (5%), Mid-semester exam (20%), Assignment (25%), Final Exam (50%).

TimetableView the lecture timetable | View the full unit timetable



Carlin and Soskice, 2015, Macroeconomics: Institutions, Instability, and the Financial System, Oxford University Press (ISBN: 978-0-19-965579-3).


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