316-312 Macroeconomics

This subject is one of the four subjects which students proceeding to an honours degree in economics are required to take in third year, and has been designed accordingly. There are, however, no restrictions on entry to the subject which all third-year economics students are welcome to take.

316-201 Intermediate Macroeconomics and 316-202 Intermediate Microeconomics.

This subject analyses the general equilibrium approach to modelling the macroeconomy. Emphasis is given to the study of business cycles and growth models, including the real business cycle model, neoclassical growth model and simple models of endogenous growth.

A 2-hour end-of-semester examination (70%), written assignments totalling approximately 2000 words (20%) and tutorial attendance and participation (10%).