ECON 7071 - Intermediate Macroeconomics IID
North Terrace Campus - Semester 2 - 2014
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General Course Information
Course Details
Course Code ECON 7071 Course Intermediate Macroeconomics IID Coordinating Unit Economics Term Semester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Assumed Knowledge Introductory level macroeconomics Restrictions Available to MFin&BusEc, GradCertEc, GradCertIntEc, GradDipIntEc & GradDipAppEc students only Assessment Typically, mid-semester exam & final exam Course Staff
Course Coordinator: Professor Mark Weder
Dr Jacob Wong (Semester 1) and Professor Mark Weder (Semester 2)Course Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
Knowledge and Understanding:
This course aims to develop an understanding of those social institutions such as property rights, firms and markets, that are the economic framework within which individuals, responding to incentives, make choices in their own self interest and how these choices can also serve the social interest. (Learning outcomes 1-3)
Communication Skills:
This course aims to develop students’ abilities to construct and sustain an argument using the phrases and concepts that economists use in their deliberations. A theoretical framework is developed in which students acquire an understanding of how economic agents interact and by doing so develop the literacy and verbal communication skills necessary for presenting arguments of an economic nature. (Learning outcomes 4-9)
On successful completion of this course students will be able to:
1 Explain how markets organise the allocation of scarce resources and the distribution of goods and services 2 Assess the efficiency of markets and describe the various factors that might impact on efficiency 3 Distinguish between the various forms of market failure and explain how governments might need to intervene 4 Relate the basic economic theory and principles to current macroeconomic issues and evaluate related public policy 5 Use economic models to analyse a situation in terms of economics 6 Work and learn independently and with others 7 Communicate their knowledge and understanding of economic issues using written, verbal and visual expression 8 Evaluate outcomes based on the costs and benefits involved 9 Understand the broader social consequences of economic decisions making 最新糖心Vlog Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
最新糖心Vlog Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1-3 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 4-9 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 4-6 -
Learning Resources
Required Resources
Macroeconomics: Australasian Edition by Olivier Blanchard and Jeffrey SheenRecommended Resources
Students enrolled in this course may request a paper copy of this course profile from the Professions Student Hub.
Online Learning
All additional material will be posted on the course MyUni website. -
Learning & Teaching Activities
Learning & Teaching Modes
Students will be required to understand material as covered in the course lectures as well as additional assigned readings. Problem sets will reinforce key concepts covered in course lectures.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
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.Learning Activities Summary
Understanding Short-Run Economic Fluctuations (IS-LM-AS-AD Model) as well as Economic Growth
1. IS-LM Model
- The Goods Market
- The Money Market
- Combining the Goods Market and the Money Market
2. AS-AD Model
- The Labour Market
- Combining the Goods Market and the Labour Market
3. Inflation and Unemployment
4. Long-Run Growth
5. Open Economy Macroeconomics
** Order of material to be covered in class is tentative and subject to change. -
Assessment
The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
There will be two midterm exams (during week 4 and 8 resp), a take home exam (during week 10 or 11) and a final exam. The midterm examinations counts 60 percent towards the end grade. The take home exam counts 10 percent. The final counts 30 percent.
There will not be any make-up mid-semester tests or take home exams. Those who miss the mid-semester test(s) must obtain documentation in line with university regulations in order to avoid a grade of zero on the mid-semester tests or assignments. For those who miss the mid-semester test(s) and/or take home exam and obtain accepted documentation the relevant weight will be added to the weight of the final exam in determining the overall grade for the course.Assessment Detail
See MyUni for further information on assessment details.Submission
See MyUni for further information on submission details.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
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Student Feedback
The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
