ECC2300 - Crashes, crises and macroeconomic policy

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Overview

This unit will examine recent developments in the economy, including the Global Financial Crisis and the COVID-19 recession, and apply macroeconomic theory to explain how they unfolded and how they relate to other trends in the macroeconomy. Topics covered include liquidity traps, secular stagnation, inequality, monetary policy and the rise … For more content click the Read More button below.

This unit will examine recent developments in the economy, including the Global Financial Crisis and the COVID-19 recession, and apply macroeconomic theory to explain how they unfolded and how they relate to other trends in the macroeconomy. Topics covered include liquidity traps, secular stagnation, inequality, monetary policy and the rise of automation. Across all topics the unit will cover both the relevant macroeconomic theory and the underlying data including how it is created, analysed and used in the policy making process.

Offerings

S2-01-CLAYTON-ON-CAMPUS

Requisites

Prerequisite

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

Mr Isaac Gross

Learning outcomes

On successful completion of this unit, you should be able to:

understand how economic theory and data are combined to analyse and frame macroeconomic policies

understand how macroeconomic data is created, and used to design macroeconomic policy

evaluate the contributions and limitations of economic analysis for helping to understand and to evaluate macroeconomic policy options

analyse the causes of recent economic crises, apply macroeconomic theory to understand how they unfolded and describe what policies were used to solve them.

Teaching approach

Online learning

Active learning

Peer assisted learning

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

Lectures

Tutorials

Workload requirements

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.