QUANTITATIVE MACROECONOMIC MODELS

ECO4QMM

Not currently offered

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.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Jan Libich

Available to Study Abroad/Exchange Students: No

Subject year level: Year Level 4 - UG/Hons/1st Yr PG

Available as Elective: No

Learning Activities: tutorial group discussions, tutorial presentations, video-interviews, problem sets, discussant's report preparation, discussant's report presentation, final exam

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: ECO3EGS

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

COMMUNICATION - Communicating and Influencing
INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

Intended Learning Outcomes

01. Research macroeconomic issues, both independently and in groups, and effectively communicate the outcomes.
02. Construct and solve simple macroeconomic models to understand how the central bank interest rate decisions affect individual behaviour and the economy.
03. Apply game theory in analysing macroeconomic problems.
04. Analyse economic data to propose and justify desirable macroeconomic policy actions.
05. Able to summarise and appraise the contribution of a paper relative to the literature.
Subject not currently offered - Subject options not available.