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Unit of study_
ECON4902: Advanced Macroeconomic Analysis
2025 unit information
This unit provides an understanding of topics at the frontier of macroeconomics. The first half of the unit develops tools used in macroeconomics and studies the canonical real business cycle model. We will also study models that incorporate health dynamics to understand the implications of a pandemic. The unit then focuses on nominal frictions within a New Keynesian framework and their implications for monetary policy. We also discuss merits and shortcomings of these models and examine how these failings have been addressed in the literature. A central aim of the unit is to enable students to undertake further theoretical or empirical research in macroeconomics.
Unit details and rules
Managing faculty or University school:
Arts and Social Sciences
| Study level | Undergraduate |
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| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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None |
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. apply macroeconomic theory to the analysis of current events, data and policy
- LO2. identify, access and use materials provided online, and analyse data provided by lecturer
- LO3. communicate concepts, both orally and in writing, to a professional standard
- LO4. demonstrate a capacity and desire to learn, the ability to plan and achieve goals and to use materials provided by lecturer to prepare and revise.
Unit availability
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Modes of attendance (MoA)
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