units

ECC4660

Faculty of Business and Economics

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Monash University Handbook 2010 Undergraduate, Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

LevelUndergraduate, Postgraduate
FacultyFaculty of Business and Economics
OfferedClayton First semester 2010 (Day)
Australia (Other) First semester 2010 (Off-campus block of classes)
Coordinator(s)Dr Steph Miller

Synopsis

Contemporary macroeconomics and recent policy debates, including market clearing and long-run equilibrium; classical dichotomy; money in the global economy; aggregate demand and price rigidity, microfoundations of macroeconomics, disequilibrium models; stock-flow interactions; wealth effects; rational expectations; policy ineffectiveness and Ricardian equivalence; money and credit; exchange rate regimes; new Keynesian macroeconomics; comovements of macro variables and macroeconomic forecasting.

Objectives

The learning goals associated with this unit are to:

  • be aware of major recent developments in the field of macroeconomics
  • have a basic understanding of the concepts and techniques of macroeconomic forecasting using an applied general equilibrium (AGE) model
  • be aware of the major developments in the field of macroeconomics in the last ten years
  • be familiar with different macroeconomic models used for policy making and their points of emphasis
  • be able to make judicious policy predictions and undertake independent research studies in the unit.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Stephen Miller

Contact hours

3 hours per week

Prohibitions

ECX5466