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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).
Subject to approval of the Head of Department.
ECON605
Philip Vermeulen
David Romer; Advanced Macroeconomics ; Fifth; McGraw Hill, 2019.
Domestic fee $1,037.00
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 .