Macroeconomics: Growth, Stability and Crises

Victoria University of Wellington

Course Description

  • Course Name

    Macroeconomics: Growth, Stability and Crises

  • Host University

    Victoria University of Wellington

  • Location

    Wellington, New Zealand

  • Area of Study


  • Language Level

    Taught In English

  • Prerequisites

    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.

    Hours & Credits

  • Credit Points

  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    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%

Course Disclaimer

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.