ECON20001 Intermediate Macroeconomics Notes | Assignment Help | Syllabus
University: University Of Melbourne
“Intermediate macroeconomic analysis hones the skills, knowledge, and tools needed to work as a professional macroeconomist. Models of long-run economic growth; an assessment of the evidence on economic growth and its implications; the flexible-price macroeconomic model in which markets continuously clear; an assessment of the evidence on whether prices and wages are flexible or sticky; the sticky-price macroeconomic model in which markets do not always clear; an assessment of the flexible and sticky price macroeconomic models in which markets do not always clear; an assessment of the flexible and sticky price macroeconomic models in which markets do not always clear; an assessment of the flexible and sticky price macro
Learning outcomes that are expected
Students should be able to do the following after completing this subject:
To explain short-run economic volatility, develop the IS-LM model.
Examine the impact of monetary and fiscal policy using the IS-LM model.
Describe and discuss the dynamics of the labor market;
Create the DAS-DAD (dynamic aggregate supply/aggregate demand) model.
Analyze the impact and dynamic consequences as an economy reacts to shocks using the DAS-DAD model.
Describe the main facts of economic development;
Create the endogenous growth model and the basic Solow growth model.
Describe a model for determining exchange rates and analyze several exchange rate regimes.
Skills that are universal
Written communication, collaborative learning, problem solving, teamwork, application of theory to practice, critical thinking, synthesis of data and other information, and assessment of data and other information are all at a high degree of growth.
Oral communication; interpretation and analysis; obtaining data and other information from a variety of sources; receptiveness to opposing views are all at a moderate level of development.
Statistical thinking and the usage of computer software are examples of certain levels of development.”
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