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Unit of study_
ECON6903: Topics in Bus. Cycles and Monetary Policy
2024 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:
Economics
| Code | ECON6903 |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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(ECON6001 or ECON6701) and (ECON6002 or ECON6702) and (ECON6003 or ECON6703) and (ECMT6002 or ECMT6702) |
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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; 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.
Unit availability
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Modes of attendance (MoA)
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