Provides a working knowledge of macroeconomic theory and policy.
In Macroeconomics, we seek to understand the overall economic performance of a nation or region. The purpose of this paper is to explore current macroeconomic ideas and theories and to learn how these concepts can be applied. Topics covered include: business cycles, saving and investment, unemployment and the labour market, money and inflation, fiscal policy, monetary policy, international trade and real exchange rate determination, economic growth and development and financial crises.
|Teaching period||Second Semester|
|Domestic Tuition Fees (NZD)||$872.70|
|International Tuition Fees (NZD)||$4,405.05|
- (BSNS 104 or BSNS 113) and ECON 112
- Schedule C
- Arts and Music, Commerce, Science
- More information link
- View more information about ECON 202
- Teaching staff
- R. Dornbusch, S. Fischer, and R. Startz (2014) Macroeconomics, 12th Edition, McGraw Hill.
- Graduate Attributes Emphasised
- Global perspective, Lifelong learning, Scholarship, Communication.
View more information about Otago's graduate attributes.
- Learning Outcomes
Topic-specific objectives: Students who successfully complete the paper will be able to
- Construct models of growth, inflation and business cycles and use these models to assess the state of the economy
- Describe the impact of fiscal/monetary policies on the state of the economy (growth, inflation, business cycles)
- Apply macroeconomic concepts in an employment context
Discipline-specific objectives: This paper intends to develop skills and abilities related to continued success in the economics major/minor. These include
- Using advanced economic vocabulary and concepts effectively
- Using formal models to support arguments and make predictions
- Exhibiting basic knowledge about current controversies, topics of interest and data sources
- Exhibiting competency in the use of conceptual skills (including macroeconomic modelling and interpretation of data, written and verbal communication and deductive/inductive reasoning)