QUANTITATIVE MACROECONOMIC MODELS

ECO4QMM

2018

Credit points: 15

Subject outline

In this subject students are given a solid understanding of various aspects of macroeconomics. This includes macro modelling and strategic game theoretic methods, with a focus on areas such as monetary and fiscal policies, banking crises, and currency unions. The main learning objective is to provide students with tools to carry out formal analysis of a macroeconomic topic and apply it to the real world economy and policy.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorJan Libich

Available to Study Abroad StudentsNo

Subject year levelYear Level 4 - UG/Hons/1st Yr PG

Exchange StudentsNo

Subject particulars

Subject rules

Prerequisites ECO3EGS

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Graduate capabilities & intended learning outcomes

01. Research macroeconomic issues, both independently and in groups, and effectively communicate the outcomes.

Activities:
tutorial group discussions, tutorial presentations, video-interviews, problem sets, discussant's report preparation, discussant's report presentation, final exam
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills

02. Construct and solve simple macroeconomic models to understand how the central bank interest rate decisions affect individual behaviour and the economy.

Activities:
problem sets, discussant's report preparation, final exam
Related graduate capabilities and elements:
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills

03. Apply game theory in analysing macroeconomic problems.

Activities:
tutorial group discussions, tutorial presentations, problem sets, discussant's report preparation, final exam
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills

04. Analyse economic data to propose and justify desirable macroeconomic policy actions.

Activities:
problem sets, discussant's report preparation, discussant's report presentation, final exam
Related graduate capabilities and elements:
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills

05. Able to summarize and appraise the contribution of a paper relative to the literature.

Activities:
discussant's report preparation, discussant's report presentation
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Inquiry and Analytical Skills

Subject options

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Start date between: and    Key dates

Melbourne, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Tutorial Week: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One discussant's report and its presentation20 01, 05
One final exam35 01, 02, 03, 04
Problem sets35 01, 02, 03, 04, 05
Tutorial participation and presentations10 01, 02, 03, 04