ECON635-24S2 (C) Semester Two 2024


15 points

Start Date: Monday, 15 July 2024
End Date: Sunday, 10 November 2024
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 28 July 2024
  • Without academic penalty (including no fee refund): Sunday, 29 September 2024


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).

Learning Outcomes

The objectives of the course are:
1. To understand the major macroeconomic theories: Solow growth model, Ramsey model, Real business cycle model and New Keynesian model
2. To understand the main determinants of consumption and investment
3. To understand how macroeconomic theories can be tested empirically


Subject to approval of the Head of Department.



Timetable 2024

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Thursday 13:00 - 15:00 Jack Erskine 315
15 Jul - 25 Aug
9 Sep - 20 Oct

Course Coordinator / Lecturer

Philip Vermeulen


Assessment Due Date Percentage 
Presentation assignment 15%
Reading assignment 25%
Exercise assignment 25%
Case study assignment 35%

The ‘45% rule’ does not apply to this course. That is, student does not need to reach 45% weighted average across invigilated assessments.

Assessment In Te Reo Māori
In recognising that Te Reo Māori is an official language of New Zealand, the University provides for students who may wish to use Te Reo Māori in their assessment. If you intend to submit your work in Te Reo Māori you are required to do the following:

Read the Assessment in Te Reo Māori Policy and ensure that you meet the conditions set out in the policy. This includes, but is not limited to, informing the Course Coordinator 1) no later than 10 working days after the commencement of the course that you wish to use Te Reo Māori and 2) at least 15 working days before each assessment due date that you wish to use Te Reo Māori.

Textbooks / Resources

Required Texts

Romer, David; Advanced macroeconomics ; Fifth edition; McGraw-Hill Education, 2019.

Indicative Fees

Domestic fee $1,066.00

* 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 .

All ECON635 Occurrences

  • ECON635-24S2 (C) Semester Two 2024