316-201 Intermediate Macroeconomics

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

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

Intermediate macroeconomic analysis develops the tools, skills and knowledge base necessary to operate as a practicing macroeconomist. These include: models of long run economic growth; an assessment of the evidence on economic growth and its implications; the flexible-price macroeconomic model in which markets continuously clear; an assessment of the evidence regarding whether prices and wages are flexible or sticky; the sticky price macroeconomic model in which markets do not always clear; assessment of the flexible and sticky price models; the analysis of macroeconomic policy making.

A 2-hour end of semester examination (60%), a multiple choice test (5%), two assignments totalling not more than 2500 words (25%), tutorial attendance and participation (10%).

To be advised.