eco4qmm macroeconomics 4
QUANTITATIVE MACROECONOMIC MODELS
ECO4QMM
2016
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(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
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(Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
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(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
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(Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
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(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
Subject options
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Melbourne, 2016, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorJan Libich
Class requirements
LectureWeek: 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.
TutorialWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| One discussant's report and its presentation | 20 | 01, 05 | |
| One final exam | 35 | 01, 02, 03, 04 | |
| Problem sets | 35 | 01, 02, 03, 04, 05 | |
| Tutorial participation and presentations | 10 | 01, 02, 03, 04 |