Introduction
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.
Summary
| Unit name | Intermediate Macroeconomics |
| Unit code | BEA320 |
| Credit points | 12.5 |
| College/School | Tasmanian School of Business and Economics |
| Discipline | Economics |
| Coordinator | Doctor Oscar Pavlov |
| Available as an elective? | Yes |
| Delivered By | University of Tasmania |
| Level | Advanced |
Sustainable Development Goals
The Unit Coordinator has identified that this unit aligns with the following UN Sustainable Development Goals. We welcome your thoughts and feedback on the alignment of the unit with these goals.
Availability
Specific information on 2027 unit availability will be available in August
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.
Fee Information
2027 fee information will be available in August.
Requisites
Prerequisites
BEA121 OR Completion of the Bachelor of BusinessTeaching
| Assessment | Group Assignment (30%)|Mid-semester test (30%)|Take-home exam (40%) |
|---|---|
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
You will need the following text [available from Booktopia or Amazon]: Charles I. Jones (2025). Macroeconomics, Sixth Edition (6E International Student Edition), W.W. Norton & Company, New York. Additional readings will be posted on MyLO.
Software: Microsoft Excel will be used to analyse economic data. |
|---|---|
| Recommended | Supplementary readings and resources will be made available on MyLO. |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.