ECOS4202: Semester 1, 2023

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Units ECOS4202 Semester 1 2023 [Normal day]

Unit of study_

ECOS4202: Advanced Macroeconomic Policy

Semester 1, 2023 [Normal day] - Remote

Overview

This unit of study aims to provide students with advanced theoretical knowledge and skill sets for analysing macroeconomic policy issues and practice in Australia and internationally from both a historical and contemporary perspective. This unit introduces a set of modern macroeconomic models that provide insights into policy debates and can also be used for analysing contemporary government policies. Examples will be drawn from various policies not just within Australia, but also from countries and regions such as the US, Asia, South America and Europe.

Unit details and rules

Unit code	ECOS4202
Academic unit	Economics
Credit points	6
Prohibitions ?	ECOS3902 or ECON4902 or ECON4910 or ECON4915
Prerequisites ?	ECOS3997 or ECMT3997 or ECON3999 or ECON3998
Corequisites ?	None
Assumed knowledge ?	None
Available to study abroad and exchange students	No

Teaching staff

Coordinator	Graham White, g.white@sydney.edu.au

Type	Description	Weight	Due	Length
Monitored exam ?	Final exam Most likely a set of (long-answer) essays	50%	Formal exam period	2 hours
Outcomes assessed:
Assignment	Seminar paper Paper to be presented at one of the seminars and submitted 24 hours prior	25%	Multiple weeks	2500 words
Outcomes assessed:
Monitored test ?	Mid-semester test Focus on understanding of the theoretical and historical background	25%	Week 08 Due date: 20 Apr 2023 at 10:00	1 hour
Outcomes assessed:

Assessment summary

Seminar paper worth 25% of the final grade.

Allocated seminar papers are to be submitted to the co-ordinator 24 hours before the date of presentation.

Detailed information for each assessment can be found on Canvas.

Assessment criteria

Result name	Mark range	Description
High distinction	85 - 100	To be awarded to students who, in their performance in assessment tasks, demonstrate the learning outcomes for the unit at an exceptional standard as defined by grade descriptors or exemplars established by the faculty.
Distinction	75 - 84	To be awarded to students who, in their performance in assessment tasks, demonstrate the learning outcomes for the unit at a very high standard as defined by grade descriptors or exemplars established by the faculty.
Credit	65 - 74	To be awarded to students who, in their performance in assessment tasks, demonstrate the learning outcomes for the unit at a good standard as defined by grade descriptors or exemplars established by the faculty.
Pass	50 - 64	To be awarded to students who, in their performance in assessment tasks, demonstrate the learning outcomes for the unit at an acceptable standard as defined by grade descriptors or exemplars established by the faculty.
Fail	0 - 49	When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

Deduction of 5% of the maximum mark for each calendar day after the due date.
After ten calendar days late, a mark of zero will be awarded.

This unit has an exception to the standard University policy or supplementary information has been provided by the unit coordinator. This information is displayed below:

Where an allocated seminar paper cannot be provided to the co-ordinator by the time of presentation, the paper will not be accepted. If a student feels that due to illness or misadventure they may find themselves in this position, they should make contact with the co-ordinator as soon as possible.

Academic integrity

The Current Student website provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Learning support

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

Weekly schedule

WK	Topic	Learning activity	Learning outcomes
Multiple weeks	The basic structure of the unit consists of a set of lectures (Weeks 1-5) which set out the theoretical and historical background to contemporary macroeconomic policy debates. This is followed by a series of six seminars (Weeks 6-12), each dealing with a specific macroeconomic policy issue. The final week provides a summing up lecture/seminar. A more detailed list of lecture and seminar topics together with the required readings is provided in the Canvas site for this unit.	Seminar (39 hr)

Attendance and class requirements

Students are expected to regularly attend and participate in all classroom activities.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

A detailed list of lecture and seminar topics as well as the required readings will be provided on the Canvas site for this unit.

Learning outcomes

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

Outcomes
Graduate qualities

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

LO1. Understand the policy institutions and making of macroeconomic policy
LO2. Develop key theoretical models for analysing macroeconomic policy
LO3. Examine historical policy experiences in Australia and overseas
LO4. Critically appraise contemporary policy issues and debates
LO5. Develop deeper insights into macro policy and policy formulation for the future

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1	Depth of disciplinary expertise Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.
GQ2	Critical thinking and problem solving Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.
GQ3	Oral and written communication Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.
GQ4	Information and digital literacy Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.
GQ5	Inventiveness Generating novel ideas and solutions.
GQ6	Cultural competence Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.
GQ7	Interdisciplinary effectiveness Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.
GQ8	Integrated professional, ethical, and personal identity An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.
GQ9	Influence Engaging others in a process, idea or vision.

Outcome map

Learning outcomes	Graduate qualities
Learning outcomes

Responding to student feedback

This section outlines changes made to this unit following staff and student reviews.

Constructive feedback from students in the 2022 iteration of this unit has been taken on board.

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.

Current students

Overview

Overview

Unit details and rules

Teaching staff

Assessment

Assessment

Assessment summary

Assessment criteria

Late submission

Academic integrity

Learning support

Learning support

Simple extensions

Special consideration

Using AI responsibly

Weekly schedule

Weekly schedule

Attendance and class requirements

Study commitment

Required readings

Learning outcomes

Learning outcomes

Graduate qualities

Outcome map

Responding to student feedback

Responding to student feedback

Disclaimer

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