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Unit of study_
ECOS3028: Macroeconomics of Fiscal Policy
The objective of this unit is to examine the role of the government in influencing individual behaviour and the macro economy through fiscal policy, that is, government spending, taxation, and social insurance programs (such as social security and unemployment insurance). We will develop and use a dynamic theoretical model of individual decisions and study how government tax and transfer policies, government debt and deficits affect these decisions. The theoretical predictions of these models will then be related to data and empirical findings.
| Code | ECOS3028 |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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ECOS2002 or ECOS2902 or ECOS2040 |
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Corequisites:
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None |
| Prohibitions:
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None |
At the completion of this unit, you should be able to:
- LO1. understand the role of government in developed countries
- LO2. examine critically how fiscal policy (government spending, taxation and social insurance) impacts behaviour and the macroeconomy
- LO3. understand optimal fiscal policy and evaluate whether current policy is close to optimal.
Unit outlines
Unit outlines will be available 1 week before the first day of teaching for the relevant session.
- Semester 2, 2023 [Normal day] - Camperdown/Darlington, Sydney
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