ECX2300 · Crashes, crises and macroeconomic policy

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 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

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. understand how economic theory and data are combined to analyse and frame macroeconomic policies
2. understand how macroeconomic data is created, and used to design macroeconomic policy
3. evaluate the contributions and limitations of economic analysis for helping to understand and to evaluate macroeconomic policy options
4. analyse the causes of recent economic crises, apply macroeconomic theory to understand how they unfolded and describe what policies were used to solve them.

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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.