This subject examines the use of open economy macroeconomic models in economic policy analysis. Topics include important Australian macroeconomic data sets; the design of macroeconometric and VAR models of the Australian economy; the derivation of policy multipliers; policy simulation techniques and sensitivity analysis of economy-wide models; recent developments in the theory of economic growth; and an examination of some current issues in macroeconomic policy. Subject cancelled as per approval from President of the Academic Board. -- Course Website
Prerequisites: Admission into BH-COM or BH-ARTS (Economics) and Subject Study Period Commencement: Credit Points: ECON40002 Advanced Macroeconomics Semester 1 12.50
