MAE907 - Macroeconomic Theory II
Unit details
| Year: | 2020 unit information |
|---|---|
| Important Update: | Classes and seminars in Trimester 2, 2020 will be online. Last updated: 2 June 2020 |
| Enrolment modes: | Trimester 2: Burwood (Melbourne) |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 2: Pedro Gomis Porqueras |
| Cohort rule: | This unit is only available to students enrolled in M900 |
| Prerequisite: | MAE905 |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Typical study commitment: | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. |
| Scheduled learning activities - campus: | 1 x 3 hour seminar per week |
Content
This unit covers a variety of topics in macroeconomics such as monetary economics, liquidity and aggregate activity, business cycles and volatility, economic growth, income inequality, public pensions, optimal taxation and unemployment. The topics studied all share two hallmarks of modern macroeconomic theory: (i) choice over time and (ii) uncertainty. The unit relies heavily on the recursive approach and the basic methods of stochastic processes.
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| These are the Learning Outcomes (ULO) for this Unit | |
| ULO1 | Be able to analyse various macro data and understand their implications for macroeconomic performance. | GLO1, GLO4, GLO5 |
| ULO2 | Determine what factors affect the demand for currency and what determines how agents settle transactions GDP. | GLO4, GLO5 |
| ULO3 | Understand and apply various models of consumption and investment behaviour to economic problems. | GLO4, GLO5 |
| ULO4 | Determine the effectiveness of government policies under different conditions. | GLO4, GLO5 |
| ULO5 | Explain the impact of trade policies. | GLO4, GLO5 |
| ULO6 | Apply the macroeconomic theories learned to analyse contemporary economic issues. | GLO4, GLO5 |
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
GLO key: GLO1: Discipline-specific knowledge and capabilities, GLO2: Communication
GLO3: Digital literacy, GLO4: Critical thinking, GLO5: Problem solving, GLO6: Self-management, GLO7: Teamwork, GLO8: Global Citizenship
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
| Assessment 1: (Individual) Problem Set | 25% | Week 6 | |
| Assessment 2: (Individual) Problem Set | 25% | Week 10 | |
| Examination | 3-hours | 50% | Exam period |
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Hurdle requirement
Hurdle requirements: achieve at least 50% of the marks available on the examination
Learning Resource
The texts and reading list for the unit can be found on the University Library via the link below: MAE907 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
Unit Fee Information
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