Use the Tab and Up, Down arrow keys to select menu items.
Real macroeconomics. Using dynamic optimisation to think about how much households spend and save, how much firms invest in durable equipment, and the macro effects of government outlays and how they are financed.
Macroeconomics presents students with the major theories of modern macroeconomics based on micro-founded models. This course covers both advanced macroeconomic theory and empirical analysis of macroeconomic fluctuations and economic growth. Students will read and analyse articles in the academic literature. The course further equips students with the mathematical concepts and tools necessary to understand modern macroeconomic literature (algebraic manipulations, solving systems of equations, differential calculus and differential equations, constrained optimisation).
The objectives of the course are:1. To understand the major macroeconomic theories: Solow growth model, Ramsey model, Real business cycle model and New Keynesian model2. To understand the main determinants of consumption and investment3. To understand how macroeconomic theories can be tested empirically
Subject to approval of the Head of Department.
ECON605
Students must attend one activity from each section.
Philip Vermeulen
The ‘45% rule’ does not apply to this course. That is, student does not need to reach 45% weighted average across invigilated assessments.Assessment In Te Reo MāoriIn recognising that Te Reo Māori is an official language of New Zealand, the University provides for students who may wish to use Te Reo Māori in their assessment. If you intend to submit your work in Te Reo Māori you are required to do the following:Read the Assessment in Te Reo Māori Policy and ensure that you meet the conditions set out in the policy. This includes, but is not limited to, informing the Course Coordinator 1) no later than 10 working days after the commencement of the course that you wish to use Te Reo Māori and 2) at least 15 working days before each assessment due date that you wish to use Te Reo Māori.
Romer, David; Advanced macroeconomics ; Fifth edition; McGraw-Hill Education, 2019.
Domestic fee $1,066.00
International Postgraduate fees
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Economics and Finance .