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Unit of study_

ECOS3902: Advanced Macroeconomics Honours

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

  • LO1. understand the theoretical models that macroeconomists typically use and also form the basis of current macroeconomic research
  • LO2. understand some of the main techniques used by macroeconomic researchers to create knowledge
  • LO3. explain and understand the associated empirical implications and policy issues
  • LO4. evaluate and synthesize the contribution of some recently created knowledge in macroeconomics.