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ECOS3902 is the second unit of study in the macroeconomics sequence in the Advanced Economics Program. The unit develops frameworks for use in contemporary macroeconomic research. We will use models of household and firm behaviour to understand consumption, savings, investment, employment, pricing, and production decisions. Our analysis will build on several workhorse models used in modern macroeconomics: the overlapping generations model; the real business cycle model; and the New Keynesian model. Finally, we will develop several important skills used in macroeconomic research: mathematical optimization; general equilibrium analysis; and simple computer-based simulation of models.
Code | ECOS3902 |
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Academic unit | Economics |
Credit points | 6 |
Prerequisites:
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A minimum of ((65% in ECOS2902) or (75% in ECOS2002)) and 65% in (ECOS2903 or MATH2070 or MATH2970) |
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Corequisites:
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Prohibitions:
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At the completion of this unit, you should be able to:
Unit outlines will be available 1 week before the first day of teaching for the relevant session.
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