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, growth models and open-economy macroeconomics.

• High level of development: problem solving; application of theory to practice; interpretation and analysis; critical thinking.

• Moderate level of development: oral communication; written communication; collaborative learning; statistical reasoning; synthesis of data and other information; evaluation of data and other information; receptiveness to alternative ideas.

• Some level of development: team work; use of computer software; accessing data and other information from a range of sources.

A 2-hour end-of-semester examination (55%), written assignments totalling approximately 2000 words (20%), a 1-hour mid semester exam (15%) and tutorial attendance and participation (10%).