ECON 2507 - Intermediate Macroeconomics II
North Terrace Campus - Semester 1 - 2024
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General Course Information
Course Details
Course Code ECON 2507 Course Intermediate Macroeconomics II Coordinating Unit Economics Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Assumed Knowledge ECON 1012, ECON 1005 or ECON 1010 Assessment Typically, tutorial problems, assignments, midterm and final exam Course Staff
Course Coordinator: Dr Jacob Wong
Office Hours: will be available on MyUni
Course Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:- Relate basic macroeconomic theory and principles to current macroeconomic issues.
- Apply basic macroeconomic theory to analyse macroeconomic policies.
- Present arguments while viewing the world through simple, internally consistent economic models
- Articulate the benefits and the caveats of an argument that is relies on a specific economic theory
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) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
3,4 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
1-4 Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
3,4 Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
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Learning Resources
Required Resources
Class notes will be provided.Recommended Resources
Blanchard & Sheen - Macroeconomics, Australasian Edition (Pearson). 4th editionOnline Learning
All additional material will be posted on the course MyUni website. -
Learning & Teaching Activities
Learning & Teaching Modes
Reading Material:
Required reading will be posted on MyUni to introduce the concepts that we will discuss during lectures. You are expected to have read and understood the material BEFORE attending tutorials so that time can be allocated efficiently when exploring these concepts further.
Lectures:
Lectures videos will complement class readings to 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:
Tutorial problem sets will reinforce key concepts covered in course lectures, and will give a good indication of how assignments and the final exam are constructed.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 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
Teaching & Learning Activities Related Learning Outcomes Lectures 1,2,3 Tutorials 1,2,3
Lecture Schedule:
Part 1 — Introduction (week 1)
1 The Science of Macroeconomics
2 The Data of Macroeconomics
Part 2 — Classical Theory: The Economy in the Long Run (weeks 2 - 6)
3 National Income: Where it Comes From and Where It Goes
4 The Monetary System: What it Is and How It Works
5 Inflation: Its Causes, Effects, and Social Costs
6 The Open Economy
7 Unemployment and the Labor Market
Part 3 — Growth Theory: The Economy in the Very Long Run (weeks 7 - 8)
8 Economic Growth I: Capital Accumulation as a Source of Growth
9 Economic Growth II: Population Growth and Technological Progress
10 Economic Growth III: Growth Empirics and Policy
Part 4 — Business Cycle Theory: The Economy in the Short Run (weeks 9 - 12)
11 Introduction to Economic Fluctuations
12 Aggregate Demand I: Building the IS- LM Model
13 Aggregate Demand II: Applying the IS–LM Model
14 The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime
15 Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment
16 A Dynamic Model of Economic Fluctuations
** 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
The assessment structure is the following:Assessment Task Due Date/ Week Weight Length(Word,Time) Learning Outcomes Assignments TBA 30% 1 Page Maximum (each) 1,2,3,4 Tutorial Submissions weekly 20% 1,2,3,4 Final Exam Exam period 50% 3 hours 1,2,3,4 Total 100% Assessment Detail
To gain a pass, a total of at least 50% overall must be obtained.
There will likely be two written assignments. Written assignment submissions should not exceed one page in length with remaining details to be announced on the course MyUni site.
Those who fail to submit a written assessment by the due date must obtain documentation that satisfies university regulations in order to avoid a grade of zero on the assignment. An alternative assessment/reweighting will only be offered to those who obtain accepted documentation.
The final exam is expected to be three hours in duration.
Each student will be asked to submit four tutorial assignments over the duration of the semester. Students will be required to submit their assignments at their weekly tutorial and will find out during each weekly tutorial whether they are to hand in an assignment during that particular tutorial. Each student's best three submitted tutorial assignment will count towards their final grade with equal weighting across submitted assignments. A make-up opportunity to submit a tutorial assignment will only be offered to those who obtain accepted documentation.
Please note that dictionaries are not allowed in School of Economics and Public Poilcy exams.
Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process, and may affect marks. Marks cannot be awarded for answers that cannot be read or understood.
See MyUni for further information on assessment details.Submission
No information currently available.
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 .
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. -
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
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
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- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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