Victoria University of Wellington
Wellington, New Zealand
Area of Study
Taught In English
ECON 202, QUAN 111 or (MATH 141/142, 151)
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
The course explores the properties of short-run and medium-run macroeconomic equilibria in a small open economy with monopolistically competitive firms, strategic bargaining behaviour in factor markets, and other potential sources of price stickiness and adjustment lags.
This is an advanced course in macroeconomics, analysing the roles of monetary and fiscal policy in the shaping of macroeconomic outcomes. The course also offers a more formal treatment of the factors that determine economic growth and the differences in income between countries.
Course Learning Objectives
By the end of this course, students should be able to:
1. Present and discuss macroeconomic theory at an advanced level.
2. Analyse the short run dynamics of macroeconomic aggregates in the presence of nominal rigidities.
3. Explain the theoretical basis for central bank inflation targeting and use of monetary rules, and the consequences of alternative monetary policies.
4. Explain the trade-offs faced by fiscal authorities between output and debt stabilisation
5. Articulate and discuss sources of economic growth in dynamic macroeconomic models.
Short Assignments 15%
Two in-class 30 min tests 20%
3hr Final Exam 60%
Courses and course hours of instruction are subject to change.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.