ECON2102 Macroeconomics 2 PartA S22016
ECON2102 Macroeconomics 2 PartA S22016
ECON2102 Macroeconomics 2 PartA S22016
School of Economics
ECON2102
Macroeconomics 2
Course Outline
Semester 2, 2016
Part A: Course-Specific Information
Please consult Part B for key information on Business School
policies (including those on plagiarism and special consideration),
student responsibilities and student support services.
business.unsw.edu.au
CRICOS Code 00098G
Table of Contents
1
COURSE DETAILS
3
3
3
4
4
5
6
ASSESSMENT
6
7
7
7
8
8
COURSE RESOURCES
COURSE SCHEDULE
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CRICOS Code 00098G
9
10
You should feel free to contact your lecturer about any academic matter. However, I
strongly encourage, for efficiency, all enquiries about the subject material be made at
lectures or tutorials or during consultation times.
I will reply to emails within a few working days with the following provisions:
- The question should require at most a two-sentence response. If it takes more,
office hours are the more appropriate venue.
- The email should not request information that can be found on the website or
this outline.
- The email is not about grading. For such matters, office hours are appropriate.
- It is also (strongly) preferable that you use an UNSW email address: the spam
filter is set to maximum. Moreover, university policy stipulates a preference for
these email addresses.
- Always identify yourself and the course code in the subject of your email.
- Please do not send attachments of any kind unless requested.
Please do not submit term work by email unless requested by the lecturers.
If you have a question regarding tutorials, please, contact your tutor. Email your tutor if
you wish to arrange a consultation.
2 COURSE DETAILS
2.1 Teaching Times and Locations
Lectures start in Week 1 (to Week 12). The Time and Location are: Monday,
9:00am 11:00am, Rex Vowels Theatre (K-F17-LG3)
Tutorials start in Week 2 (to Week 13). Tutorial times and locations are
available from http://timetable.unsw.edu.au/2016/ECON2102.html.
2.2 Units of Credit
The course is worth 6 units of credit. There is no parallel teaching in this course.
2.3 Summary of Course
The macroeconomy of a country is a complex network consisting of millions of
interacting pieces such as consumers, firms, banks, and government
institutions. This course introduces students to some of the key models
economist employ to understand how these pieces interact to generate
economic growth, the business cycle, and inflation.
business.unsw.edu.au
CRICOS Code 00098G
The Course Learning Outcomes are what you should be able to DO by the end
of this course if you participate fully in learning activities and successfully
complete the assessment items.
The Learning Outcomes in this course also help you to achieve some of the
overall Program Learning Goals and Outcomes for all undergraduate
coursework students in the Business School. Program Learning Goals are what
we want you to BE or HAVE by the time you successfully complete your
degree. You demonstrate this by achieving specific Program Learning
Outcomes - what you are able to DO by the end of your degree.
For more information on the Undergraduate Program Learning Goals and
Outcomes, see Part B of the course outline.
The following table shows how your Course Learning Outcomes relate to the
overall Program Learning Goals and Outcomes, and indicates where these are
assessed:
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CRICOS Code 00098G
Program Learning
Goals and Outcomes
This course helps you to
achieve the following
learning goals
1
Knowledge
Course Assessment
Item
This learning outcome
will be assessed in the
following items:
3a
Critical thinking
and problem
solving
Written
communication
3b
Oral
communication
Teamwork
5a.
Ethical,
environmental
and
sustainability
considerations
Social and
cultural
awareness
5b.
Tutorial Problem
Sets
Exams
Tutorial Problem
Sets
Exams
Tutorial Problem
Sets
Exams
Tutorial Discussions
(not formally
assessed)
Tutorial Discussions
(Not specifically
assessed )
Tutorial Discussions
(Not specifically
assessed )
Tutorial Discussions
and lectures
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CRICOS Code 00098G
draw the diagrams). Note what variables enter into the models and make sure
you can provide an intuitive explanation as to why they are there. Think about
the assumptions used in the model and ask why they are used. Look at how
the model is solved and then look at the solution and see if it makes economic
sense. It usually takes time to build-up these skills so it is good practice to begin
early in the session and do a little at a time. In the lectures I will work through
key models, however the tutorial exercises and the problem sets will give you
practice at working with economic models and help you acquire the necessary
skills.
3.2 Learning Activities and Teaching Strategies
The examinable content of the course is defined by the references given in the
Lecture Schedule, the content of Lectures, and the content of the Tutorial
Program.
Lectures
The purpose of lectures is to provide a logical structure for the topics that make
up the course; to emphasize the important concepts, models and methods of
each topic, and to provide relevant examples to which the concepts and
methods are applied. Lecture slides can be downloaded from Moodle prior to
each lecture.
Tutorials
Tutorials are an integral part of the subject. They will be devoted to examining
the structure of standard macroeconomic models of the economy and to
learning how to analyze and interpret such models. Tutorial problem sets will be
provided for each weeks tutorial via Moodle.
Out-of-Class Study
While students may have preferred individual learning strategies, it is important
to note that most learning will be achieved outside of class time. Lectures can
only provide a structure to assist your study, and tutorial time is limited.
An ideal strategy (on which the provision of the course materials is based)
might include:
1. Reading of the relevant chapter(s) of the textbook and accessing the
lecture slides from Moodle before the lecture. This will give you a general
idea of the topic area.
2. Attendance at lectures. Here the context of the topic in the course and
the important elements of the topic are identified. The relevance of the
topic will be explained.
3. Attending tutorials and attempting the tutorial questions.
4 ASSESSMENT
4.1 Formal Requirements
In order to pass this course, you must:
achieve a composite mark of at least 50 out of 100; and
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CRICOS Code 00098G
4.2
1
2
3
Weighting
Length
Due date
15%
As required
At tutorials
25%
1 hour
60%
2 hours
Week 8 in Lecture
As scheduled in
official exam period
6 COURSE RESOURCES
The website for this course is on UNSW Moodle at:
http://moodle.telt.unsw.edu.au
The textbook(s) for this course are:
Macroeconomics: Third Edition (2012), Charles Jones, W.W. Norton &
Company, New York.
The above is the primary textbook for this course. It can be purchased from the
UNSW bookshop. We will cover most of the material in this book during the
course.
The lecture schedule and the tutorial program define the examinable content of
the textbooks
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CRICOS Code 00098G
7 COURSE SCHEDULE
7.1
Lecture Schedule
Lectures start in Week 1 and finish in Week 12. This is schedule provides an estimate
of how the material may be covered.
LECTURE SCHEDULE
Week
Week 1
25 July
Topic
Reference
Week 2
1 August
Review
A model of production
Exogenous growth
Solow-Swan growth model
Week 3
8 August
Endogenous growth
Ideas and the Romer model
Week 4
15 August
Jones: Ch 7
Week 5
22 August
Inflation
Jones: Ch 8
Week 6
29 August
Jones: Ch 9
Week 7
5 September
A short-run model
IS curve
Jones: Ch 11
Week 8
12 September
Midterm exam
Week 9
19 September
Jones: Ch 1-4
Jones: Ch 5
Jones: Ch 6
Covers Weeks 1 to 6
Monetary Policy and the Phillips Curve
Jones: Ch 12
Jones: Ch 18
Week 12
17 October
Week 13
24 October
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Jones: Ch 13 & 14
Jones: 19 & 20
7.2
Tutorial Schedule
TUTORIAL SCHEDULE
Week
Topic
Week 1
25 July
NO TUTORIALS
Week 2
1 August
A model of production
Assigned Reading
Jones: Ch 1-4
Week 3
8 August
Jones: Ch 5
Week 4
15 August
Endogenous growth
Ideas and the Romer model
Jones: Ch 6
Week 5
22 August
Jones: Ch 7
Week 6
29 August
Inflation
Jones: Ch 8
Week 7
5 September
Jones: Ch 9
Week 8
12 September
A short-run model
IS curve
Week 9
19 September
Jones: Ch. 11
Week 11
10 October
Week 12
17 October
Jones: Ch 13 & 14
Week 13
24 October
business.unsw.edu.au
CRICOS Code 00098G
NO TUTORIALS
Jones: Ch 12
10