Hobart
Introduction
The objective of this unit is:
1. To introduce you to some of the most important recent developments in macroeconomics.
2. To demonstrate how macroeconomists use dynamic general equilibrium models to obtain quantitative answers to some very intriguing questions.
3. To provide you with some standard tools and models required to deal with the modern macroeconomic literature.
The unit focuses on the development of practical model solving skills, where students will learn how to use a variety of macroeconomic models as a measurement device to assess real world problems. After successful completion of this unit, students will be able understand the recent trends in macroeconomics, be able to access the recent academic literature in macroeconomics and be able to discuss the implications of macroeconomic policy.
Summary 2021
| Unit name | Macroeconomics |
|---|---|
| Unit code | BEA471 |
| Credit points | 12.5 |
| Faculty/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Economics |
| Coordinator | |
| Level | Honours |
| Available as student elective? | No |
| Breadth Unit? | No |
Availability
Note
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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
Special approval is required for enrolment into TNE Program units.
TNE Program units special approval requirements.
* 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 (see withdrawal dates explained for more information).
Learning Outcomes
| LO1 | Apply macroeconomic theory to understand and analyse real world macroeconomic models. |
| LO2 | Numerically solve and analyse the quantitative performance of several business cycle models. |
| LO3 | Communicate your modelling approach, solution technique and research findings. |
Fees
Requisites
Computing skills: Although no prior programming skills are expected, you will be required to learn the fundamentals of Dynare during the course.
Prerequisites
BEA320
Co-requisites
N/A
Mutual Exclusions
You cannot enrol in this unit as well as the following:
N/A
Teaching
| Teaching Pattern | Please see the unit outline for details. |
|---|---|
| Assessment | Assignment 1 (30%), Mid-Semester Test (35%), Assignment 2 (35%). |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required | Please see the unit outline for details. |
|---|
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