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Unit of study_

ECOS2902: Intermediate Macroeconomics Honours

Semester 2, 2021 [Normal day] - Camperdown/Darlington, Sydney

This unit is comprised of lectures based upon the curriculum for ECOS2002 Intermediate Macroeconomics, supported by a seminar for one hour a week. The content of lectures reflects a more intensive treatment of the topics than ECOS2002. Topics covered include: models of the goods, money and labour markets; macro-economic relationships such as consumption, investment, demand for money and labour demand and supply; macro-dynamic relationships, especially those linking inflation and unemployment; exchange rates and open economy macroeconomics; theories of economic growth; productivity and technological change; the dynamics of the business cycle; and the relationship between micro- and macro-economic policy.

Unit details and rules

Unit code ECOS2902
Academic unit Economics
Credit points 6
Prohibitions
? 
ECOS2002 or ECON2002 or ECON2902
Prerequisites
? 
65% in (ECON1001 or BUSS1040 or ECON1040) and 65% in ECON1002
Corequisites
? 
None
Assumed knowledge
? 

None

Available to study abroad and exchange students

Yes

Teaching staff

Coordinator Stella Huangfu, stella.huangfu@sydney.edu.au
Type Description Weight Due Length
Final exam (Open book) Type C final exam Final exam
n/a
50% Formal exam period 2 hours
Outcomes assessed: LO1 LO2 LO3 LO4
Assignment Problem Sets
A combination of Short Answer/Essay Question
20% Multiple weeks 2 Problem Sets.
Outcomes assessed: LO1 LO2 LO3 LO4
In-semester test (Open book) Type C in-semester exam In-semester test
Multiple-choice questions + Short-answer questions
20% Week 07
Due date: 23 Sep 2021 at 10:00
1 hour
Outcomes assessed: LO1 LO2 LO3 LO4
Participation Tutorial participation
Tutorial participation
10% Weekly Weekly
Outcomes assessed: LO1 LO4 LO3 LO2
Type C final exam = Type C final exam ?
Type C in-semester exam = Type C in-semester exam ?

Assessment summary

Detailed information for each assessment can be found in the Canvas site for this unit of study.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a High distinction indicates work of an exceptional standard, a Distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

 

Distinction

75 - 84

 

Credit

65 - 74

 

Pass

50 - 64

 

Fail

0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

 

For more information see sydney.edu.au/students/guide-to-grades

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Academic integrity

The Current Student website  provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.  

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

WK Topic Learning activity Learning outcomes
Week 01 Lecture 1 Introduction and Course Overview Lecture 2 The Goods Market Lecture (2 hr)  
Week 02 Lecture 3 Financial Markets Lecture 4 The IS-LM Model Part 1 Lecture and tutorial (3 hr)  
Week 03 Lecture 5 The IS-LM Model Part 2 Lecture 6 The IS-LM Model Part 3 Lecture and tutorial (3 hr)  
Week 04 Lecture 7 Labour Markets Part 1 Lecture 8 Labour Markets Part 2 Lecture and tutorial (3 hr)  
Week 05 Lecture 9 Inflation, Unemployment, and the Phillips Curve Lecture 10 The Dynamic AS-AD Model Part 1 Lecture and tutorial (3 hr)  
Week 06 Lecture 11 The Dynamic AS-AD Model Part 2 Lecture 12 The Dynamic AS-AD Model Part 3 Lecture and tutorial (3 hr)  
Week 07 In-semester Test Lecture and tutorial (1 hr)  
Week 08 Lecture 13 Long-run Economic Growth Lecture 14 Growth Theory Part 1 - Solow Model Lecture and tutorial (3 hr)  
Week 09 Lecture 15 Growth Theory Part 2 - Technological Progress, Convergence and Conditional Convergence Lecture 16 Growth Theory Part 3 - Endogenous Growth Lecture and tutorial (3 hr)  
Week 10 Lecture 17 Productivity and Institutions Lecture 18 Productivity, Wages and Inequality Lecture and tutorial (3 hr)  
Week 11 Lecture 19 Openness in Goods and Financial markets Lecture 20 The Goods Market in an Open Economy Lecture and tutorial (3 hr)  
Week 12 Lecture 21 Output, Interest Rates and Exchange Rates Lecture 22 Exchange Rate Regimes Lecture and tutorial (3 hr)  
Week 13 Lecture 23 Rules vs. Discretion in Macroeconomic Policy Making (if time allows) Lecture 24 Final Review Session (if time allows) Lecture and tutorial (3 hr)  

Attendance and class requirements

  • Attendance: According to Faculty Board Resolutions, students in the Faculty of Arts and Social Sciences are expected to attend 90% of their classes. If you attend less than 50% of classes, regardless of the reasons, you may be referred to the Examiner’s Board. The Examiner’s Board will decide whether you should pass or fail the unit of study if your attendance falls below this threshold.

  • Lecture recording: Most lectures (in recording-equipped venues) will be recorded and may be made available to students on the LMS. However, you should not rely on lecture recording to substitute your classroom learning experience.

  • Preparation: Students should commit to spend approximately three hours’ preparation time (reading, studying, homework, essays, etc.) for every hour of scheduled instruction.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

Macroeconomics: 8th Global Edition, Olivier Blanchard, Pearson

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. demonstrate an understanding of the basic principles and theories of economics
  • LO2. analyse and interpret economic, commercial and business information from diverse sources using economic and econometric models
  • LO3. select and utilise relevant techniques and principles to analyse economic events
  • LO4. compile and present relevant commercial information to decision makers using appropriate data management and IT tools.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9

This section outlines changes made to this unit following staff and student reviews.

No changes have been made since this unit was last offered.

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.