Macroeconomics

University of Otago

Course Description

  • Course Name

    Macroeconomics

  • Host University

    University of Otago

  • Location

    Dunedin, New Zealand

  • Area of Study

    Economics

  • Language Level

    Taught In English

  • Prerequisites

    BSNS 104 and ECON 112

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    18
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    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 in the modern commercial environment (all while developing employable skills for future jobs in consulting and industry). Topics covered include: economic growth and development, business cycles, money and inflation, saving and investment, unemployment and the labour market, fiscal policy, monetary policy, international trade and real exchange rate determination.

    Learning Outcomes
    Topic-specific objectives:
    Students who successfully complete the paper will be able to:
    1. Construct models of growth, inflation and business cycles and use these models to assess the state of the economy
    2. Describe the impact of fiscal/monetary policies on the state of the economy (growth, inflation, business cycles)
    3. 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:
    1. Using advanced economic vocabulary and concepts effectively
    2. Using formal (mathematical) models to support arguments and make predictions
    3. Exhibiting basic knowledge about current controversies, topics of interest and data sources
    4. Exhibiting competency in the use of conceptual skills (including basic maths and interpretation of data, written and verbal communication and deductive/inductive reasoning)

    Textbooks
    Frederic S. Mishkin (2015), Macroeconomics: Policy and Practice, Global edition, Second edition, Boston: Pearson.

Course Disclaimer

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