Macroeconomics: Growth, Stability and Crises
Victoria University of Wellington
Wellington, New Zealand
Area of Study
Taught In English
ECON 141 or 140
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
An introduction to dynamic macroeconomic processes and recurrent problems, including the recent global instability. Themes covered include the theory of economic growth, productivity, business cycle theory and the causes of banking crises, exchange rates and the international transmission of these processes.
Course Learning Objectives
By the end of this course, students should be able to:
- understand the nature of dynamic macroeconomic processes
- apply dynamic macroeconomic theory to current and recent crises
- understand theories of economic growth
- understand theories of the business cycle
- understand the international transmission of growth and crises
- analyse significant economic crises in the 20th and 21st centuries, including the Great Depression (1930s) and the Asian Financial Crisis (1997)
- analyse significant transnational developments in the 20th and 21st centuries including the Asian economic miracle and the development of the euro
Exam [3 hours] 70% or 100% (if this leads to a higher grade)
Test [50 minutes] 15%
Essay 1 7.5%
Essay 2 7.5%
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.