Monetary and Fiscal Policy
Your upfront cost: $0
- 22 Feb 2021
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Upon completion of this subject, the student should be able to:
Apply appropriate economic models to the analysis of modern economies.
Apply the appropriate economic models to critically evaluate, from different perspectives, contemporary fiscal and monetary policies.
Effectively communicate policy analysis as well as evidence-based policy recommendations.
- Introduction and measurement issues
- Consumer and firm behaviour
- A closed-economy one-period model
- A two-period model: the consumption-savings decision
- A real intertemporal model with investment
- Business cycles with flexible prices
- Economic growth
- Solow model: extensions and applications
- Endogenous growth and the combined Romer-Solow model
No eligibility requirements
No special requirements
This subject offers an introduction to modern macroeconomic thought, methods and policy. It emphasises microeconomic foundations to better integrate the study of macroeconomics with microeconomics. In doing so, it follows the approach consistent with current macroeconomic research and will prepare students for advanced studies in economics. Students will gain deeper insights into economic growth processes and business cycles and will learn to critically examine current economic conditions and policies using rigorous economic theoretical frameworks.
- Workshop Quiz (10%)
- Mid-semester Exam (25%%)
- Macroeconomic Assignment (40%%)
- Group Assignment (25%%)
Check the learning management system (LMS) of your university for textbook details.