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Handbook 1997 : Faculty of Economics and Commerce : Economics

316-201 Intermediate Macroeconomics

Note:

316-201 Intermediate Macroeconomics and 316-202 Intermediate Microeconomics together form the second-year component of a specialisation in economics.

Coordinator:

Professor I McDonald

Prerequisite/s:

316-101 Introductory Macroeconomics and 316-102 Introductory Microeconomics.

Timetable:

Semester 2

Contact:

Two 1-hour lectures and a 1-hour tutorial a week

Objectives:

On completion of this subject students should:

  • understand the derivation of IS-LM curves;

  • understand models of the labour market and possible relationships between unemployment and inflation;

  • understand models of the balance of payments and the determination of international capital movements;

  • be able to critically evaluate macroeconomic policy proposals.

Content:

Intermediate level macroeconomics. Topics include the theory of aggregate demand, the concept of full employment, the determination of the level of unemployment, inflation, the balance of trade and international capital movements.

Assessment:

A 2-hour end-of-semester examination and an optional mid-semester multiple choice test and tutorial attendance and participation. The final mark will be calculated by weighting the end-of-semester exam at 70%, the mid-semester test at 20% and the tutorial mark at 10% OR by weighting the end-of-semester exam at 90% and the tutorial mark at 10% whichever gives the highest mark.

Prescribed Texts:

  • McDonald, I., Macroeconomics, (Jacaranda Wiley) 2nd ed. 1995.
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Handbook 1997 : Faculty of Economics and Commerce : Economics 
Status:                   OFFICIAL 1997
Last Modified:            Wednesday March 12 3:36 pm
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Email Enquiries:          Course_Information@registrar.unimelb.edu.au
Copyright © University of Melbourne 1997.