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Unit of study_

ECOS3007: International Macroeconomics

This unit studies macroeconomic theory and policy in a global trading world. The microfoundations of the various sectors are examined in the context of an open economy. The evolution of international money and capital markets is described, the operation of the foreign exchange market is examined, showing how its microstructure affects its macro performance. Theories and tests of the efficiency of international capital markets are surveyed, as well as core theories and tests of exchange rate and asset price determination. The unit develops the macroeconomic implications of monetary and fiscal policies for small and large open economies for different regimes.

Code ECOS3007
Academic unit Economics
Credit points 6
Prerequisites:
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ECOS2002 or ECOS2902 or ECOS2040
Corequisites:
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None
Prohibitions:
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None

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

  • LO1. demonstrate openness to new ways of thinking and appreciate the importance of intellectual curiosity and reflection as the foundation for continuous learning
  • LO2. demonstrate a capacity to work independently
  • LO3. critically evaluate underlying theories, concepts, assumptions, limitations and arguments in economics
  • LO4. develop coherent arguments when recommending solutions and critically evaluating theories in economics.
  • LO5. understand the theoretical models that form the body of contemporary international macroeconomics
  • LO6. understand and apply international macroeconomic models to various economic problems and issues
  • LO7. understand the associated empirical implications and policy issues

Unit outlines

Unit outlines will be available 1 week before the first day of teaching for the relevant session.