Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 201)
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Year 4 Economics.
Credit points: 12.5
Coordinator: Dr R Dixon.
Prerequisite: 316-312 Macroeconomics, and 316-316 Basic Econometrics or 316-317 Econometrics.
Contact: Three hours a week of lectures/seminars.
Timetable: First semester
Objectives:
On completion of this subject students should be able to:
- construct and operate computerised models of the economy;
- interpret the output of the major macroeconometric models of the Australian economy in current use;
- judge the usefulness and the limitations of existing theory in the area of open economy macroeconomics;
- critically evaluate and comment upon contemporary macroeconomic policy debates;
- extend their knowledge of macroeconomic policy modelling via independent study and by taking advanced subjects in this area;
- interpret and critically evaluate key Australian economic statistics.
Content:
The use of open economy macroeconomic models in economic policy analysis. Recent developments in open economy macroeconomic theory; important Australian macroeconomic data sets; the design of macroeconometric models of the Australian economy; the derivation of policy multipliers; policy simulation techniques and sensitivity analysis of economy-wide models; some elements of the modern theory of economic growth; an examination of some current issues in macroeconomic policy.
Assessment:
A 3-hour examination (80 per cent) and class assignments totalling approximately 3,000 words (20 per cent).
Prescribed texts:
Economics subject : Next:316-460 | Prev:316-450 | Search | Help
Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 201)
Status: Official 1996 Date created: Oct 9 1995 Last modified: Oct 9 1995 Authorised by: Academic Registrar Email enquiries: Course_Information@registrar.unimelb.edu.au
Maintained by: Dept. of Economics, Faculty of Economics and Commerce.
Copyright © University of Melbourne 1995,1996.