BEX5660 Macroeconomic theory
Faculty of Business and Economics
BEX5660 Macroeconomic theory is a level 5, 0-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2024 in Semester 1 at Clayton. It has no prerequisites.
- Credit points
- 0
- Offered in 2024
- Semester 1
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2024 handbook entry. See the 2027 entry.
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Requisites
Before BEX5660
Prohibitions
You can't enrol if you have passed any of these.
After BEX5660
No unit lists BEX5660 as a prerequisite in the 2024 handbook.
Enrolment rules
You must be enrolled in course 0029 or 3194 to undertake this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Underpinnings of modern macroeconomics basic to models of growth and cyclical fluctuations as well as models of monetary and fiscal policies. Topics include neoclassical and endogenous growth theories; overlapping generations models with and without money; policy ineffectiveness issues; equilibrium business cycle as well as traditional Keynesian models of fluctuations; and models of incomplete nominal adjustment such as those of New-Keynesian and the Lucas-Supply variety.
Offerings in 2024
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the basic theoretical structures common to modern dynamic macroeconomics. In particular, critical analysis of the economic reasons underlying the formation of policy and movements of various macro-aggregates
- 2
understand the key determinants affecting economic growth and fluctuations
- 3
enhance understanding of the basic theoretical approaches employed in specialist fields such as international economics, economic development/growth, applied general equilibrium and financial economics.
Workload and teaching
- Workshops24 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Contacts
- Chief Examiners
- Dr Solmaz Moslehi
Common questions
What are the prerequisites for BEX5660?
BEX5660 has no prerequisites, but enrolment rules apply.
When is BEX5660 offered?
In 2024, BEX5660 runs in Semester 1 at Clayton.
How much work is BEX5660?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BEX5660 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.