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Unit of study_

ECON6903: Topics in Bus. Cycles and Monetary Policy

This unit is designed to provide an understanding of selected topics at the frontier of academic research in the area of advanced macroeconomics, focusing on business cycles and monetary policy. We will spend the first half of the course developing essential tools used in macroeconomics and studying canonical micro-founded rational expectations general equilibrium models, originated from the real business cycles literature. The rest of the course will focus on nominal frictions within a New Keynesian/New Neoclassical framework and their implications for monetary policy. We will also discuss the merits and the shortcomings of these models and examine how these failings have been addressed in the literature. A central aim of this unit of study is to enable students to undertake further theoretical or empirical research in the area of business cycles and monetary policy.

Code ECON6903
Academic unit Economics
Credit points 6
(ECON6001 or ECON6701) and (ECON6002 or ECON6702) and (ECON6003 or ECON6703) and (ECMT6002 or ECMT6702)

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; analyse data provided by lecturer
  • LO3. communicate concepts, both orally and in writing, to a professional standard
  • LO4. demonstrate ability to plan and achieve goals; use materials provided by lecturer to prepare and revise.