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eco4qmm quantitative macroeconomic models

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.

SchoolLa Trobe Business School (Pre 2022)

Credit points15

Subject Co-ordinatorJan Libich

Available to Study Abroad/Exchange StudentsNo

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

Available as ElectiveNo

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

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesECO3EGS

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/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 options

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Subject not currently offered - Subject options not available.