Course

Advanced Macroeconomic Analysis - ECON4103

Faculty: UNSW Business School

School: School of Economics

Course Outline: ECON4103 Course Outline

Campus: Sydney

Career: Undergraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 3

Enrolment Requirements:

Admission to Economics Honours (program 4502 or stream ECONFH4501)

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

Description

The first part of the course aims to provide methodological tools for advanced research in macroeconomics. The emphasis is on theory, although data guides the theoretical explorations. Students will study models where behaviour is derived from basic assumptions on consumers’ preferences, production technologies and information; as well as alternative ways of solving dynamic optimisation problems.

The second half is an introduction to the dynamic general equilibrium approach to macroeconomics, which evolved from neoclassical macroeconomics and real business cycle theory to include many aspects of the aggregate economy, including rational expectations, the open economy, exchange rates, nominal rigidities, and monetary and fiscal policy.
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