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Unit of study_
ECOS3902: Advanced Macroeconomics Honours
2024 unit information
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.
Unit details and rules
Managing faculty or University school:
Economics
| Code | ECOS3902 |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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Minimum of ((65% in ECOS2902) or (75% in ECOS2002)) and minimum of 65% in (ECOS2903 or MATH2070 or MATH2970) |
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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None |
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.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
Important enrolment information
Additional advice
Students intending to proceed to Honours in Economics must also complete ECOS3901 and at least one of ECOS3903 or ECOS3904.
