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Office hours: TBA (See MyUni)

Office location: Nexus 10, Level 4, Room 4.22

Telephone: 08 83135538

Preferred method of contact: E-mail.

On successful completion of this course, students will be able to:

1. Relate basic macroeconomic theory and principles to current macroeconomic issues.
2. Apply basic macroeconomic theory to analyse macroeconomic policies.
3. Construct models and present an argument by applying theoretical concepts that economists use in their deliberations.

None - Class notes to be provided.

N. Gregory Mankiw - Macroeconomics (Worth Publishers). Recent edition(s).
Blanchard & Sheen - Macroeconomics, Australasian Edition (Pearson). 4th edition

All additional material will be posted on the course MyUni website.

Reading Material:
Required reading will be posted on MyUni to introduce the concepts that we will discuss during the lecture. You are expected to have read and understood the material BEFORE coming to the workshop so that we can allocate our time more efficiently when exploring further these concepts.

Lectures:
Lectures will provide you with the necessary understanding of the material needed to solve the exercises you will be given for assignments or exams. Examples will be used to illustrate the concepts presented in this course.

Tutorials:
Tutorials will cover additional exercises which address similar problems as discussed in lectures. It will clarify the expectations set for exams and assignments.

Assignments:
These problem sets will reinforce key concepts covered in course lectures, and will give a good indication of how the mid-term and the final exam are constructed.

Students in this course are expected to attend all one-hour lectures throughout the semester plus one tutorial class each week. Students are also expected to commit approximately 8 to 10 hours to private study, that is, study outside of your regular classes.

Teaching & Learning Activities	Related Learning Outcomes
Lectures	1,2,3
Tutorials	1,2,3

Lecture Schedule

Part I. The long run
1	A Model of Production
2	The Solow Growth Model
3	Growth and Ideas
4	The Labor Market, Wages, and Unemployment
5	Inflation
Part II. The short run
6	The IS Curve
7	Monetary Policy and the Phillips Curve
8	Stabilization Policy and the AS/AD Framework
9	The Great Recession and the Short-Run Model
10	DSGE Models: The Frontier of Business Cycle Research
Part III. Applications and microfoundations
11	Consumption **
12	Investment **
13	The Government and the Macroeconomy **
** Order of material to be covered in class is tentative and subject to change.

Assessment Task	Due Date/ Week	Weight	Length(Word,Time)	Learning Outcomes
Individual Assignment	Week TBA	30%	TBA	1,2,3
Mid-term Exam	Week 7	30%	TBA	1,2,3
Final Exam	Week TBA	40%	2 hours	1,2,3
Total		100%

Due to the current COVID-19 situation modified arrangements have been made to assessments to facilitate remote learning and teaching. Assessment details provided here reflect recent updates.
Parallel with ECON 2506 - same assessment
Mid-semester test - 30%
Two MCQ quiz assignments - 10%
Online quizzes - 5%
Assignment - 10%
Open book final exam - 45%

To gain a pass, a total of at least 50% overall must be obtained.

Important Notes on Assessments:
1 - Failure to sit the midterm examination will result in receiving zero points. The grade of the final examination will then account for 70% of the overall grade. If a medical certificate is provided, the final examination will also count for 70% of the overall grade.

2 - Assigments MUST be submitted online through MyUni. No other type of submission will be accepted.

3 - Assessment marks prior to the final exam may be displayed on the course website. Students are encouraged to check their marks and notify the lecturer of any discrepancies.

Mid semester exam (Week 7) - 30%

Date and time: During lecture, same location (50 minutes)

This exam will assess all topics covered until then.

It will consist of problem solving questions and short essay answer questions or multiple choice questions. Past mid semester test papers will be available on MyUni, for which no answers will be provided. You are however encouraged to talk about the past exams and their solutions between you or with myself during my office hours.


Assignments - 30%

Amount: 4 individual Assignments

Assignments are to be submitted on time on MyUni, late submissions receive zero marks. Only the best 3 assignments will count towards the final grade.


Final Exam - 40%

There will be a 2 hour exam. The final exam is comprehensive, i.e. it can cover ALL topics.
Please note that, following 最新糖心Vlog policy, dictionaries are not allowed in School of Economics exam.

1 - Submission of assignments MUST be online through MyUni. Failure to submit an assignment on time will lead to a zero mark.

2 - Extensions and alternative assessment conditions: It is your responsibility to contact the lecturer in the first 2 weeks of the semester to discuss extension or alternative assessment options. This applies to ALL students, included but not limited to those registered with the disability centre or the elite athletes program. Exceptional circumstances will be evaluated by your lecturer on a case-by-case basis and should be discussed whenever possible at least 48 hours before the due date.

Additional Assessment
If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result.