Syllabus of The Macroeconomy

8/19/2015
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Thisprintedcourseprofileisvalidatthedateandtimespecifiedabove.Thecourseprofilemaybesubjectto
changeduringthesemestertheonlineversionistheauthoritativeversion.
1.GeneralCourseInformation
1.1CourseDetails
CourseCode:ECON7020CourseTitle:TheMacroeconomy
CoordinatingUnit:SchoolofEconomics
Semester:Semester1,2014Mode:Internal
Level:PostgraduateCoursework
Location:StLucia
NumberofUnits:2ContactHoursPerWeek:2L1T
Restrictions:Quota:Minimumof15enrolments(Summer)
Incompatible:ECON2020orEC212or866
CourseDescription:Macroeconomicsfundamentaltodecisionmakingwithinbusinessenvironment.
Analysisofgeneraleconomictrends&macroeconomicvariablesaffectingoperationoforganisation.
Integrationofmacroeconomictheory&policywithapplicationwithinAustralianenvironment.
1.2CourseIntroduction
Thecourseisdesignedtointroducedecisionmakersinthemanagerialandbusinessprofessionto
modernmacroeconomictheoriesandmodels.Suchmodelsshedlightonmacroeconomicissuesthat
impingeontheperformanceofdomesticbusinessandindustrialenterprisewhichoperateina
competitiveinternationalsetting.Thelectureswillfocusonimportantcontemporarymacroeconomic
theoriesandpolicyissuesconfrontingtheAustralianandglobaleconomy.Tutorialsessionswillprovide
studentswiththeopportunitytoclarifyconceptsandtheoriesanddebateimportantmacroeconomic
policyissuesbothintheshortrunandlongruncontexts.
Studentsshouldbeawarethatsimplealgebraandelementarycalculuswillbeusedinthedevelopment
andexplanationofthevariousmacroeconomicframeworks.Althoughunderstandingcalculusisnot
amajorfeatureofthecourse,studentsshouldexpecttoseeeconomicanalysisexplainedgraphically,
algebraically,mathematicallyaswellasinwords.Studentsareexpectedtoworktowardsaformal
understandingofallofthesetechniquesandofeconomicmodelling.
CourseChangesinResponsetoPreviousStudentFeedback
Thegeneralstructureofthecoursehasnotbeenchangedfromlastyear.Changeshavebeenmadein
theassessmentfromanessaytotwointutorialreports.Thesechangeswillprovidestudentswitha
greateropportunitytodemonstratetheirunderstandingofcoursematerials.
1.3CourseStaff
CourseCoordinator:DrThanhQuangLe
1.4Timetable
http://www.courses.uq.edu.au/student_section_loader.php?section=print_display&profileId=64143
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TimetablesareavailableonmySInet.
AdditionalTimetableInformation
TutorialscommenceinWeek2.StudentsarerequiredtosignontoatutorialgroupviamySInet.
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2.Aims,Objectives&GraduateAttributes
2.1CourseAims
Theaimofthecourseistoprovidestudentswithatheoreticalandpracticalunderstandingofthekey
relationshipsandcausallinksbetweenwelldefinedmajormacroeconomicaggregates.Thisdevelops
anunderstandingoftheroleandworkingsofeconomicpolicyandprovidesacoherent,analytical
frameworkfromwhichtocriticallyevaluatethesepolicies.Attheendofthecourse,participants
shouldbeabletounderstandtheconceptsunderlyingmodernMacroeconomictheoriesandhavethe
abilitytoapplytheseconceptsinarealworldsetting.
2.2LearningObjectives
Aftersuccessfullycompletingthiscourseyoushouldbeableto:
1UnderstandthebasictheoriesunderpinningmodernMacroeconomics.
2CriticallyanalyseappliedMacroeconomictheories.
3ApplyMacroeconomictheoriesinarealworldsetting.
4Havetheabilitytodefineandanalyseproblemsbasedonmodellingframeworksandan
understandingofrelevantdataandinstitutionaldetail.
5Identifykeycontemporarymacroeconomicproblems,bothdomesticandinternational,and
discusspossiblesolutionsandpotentialinnovationstowardsimprovingcurrentpoliciesand
practices.
2.3.GraduateAttributes
Successfullycompletingthiscoursewillcontributetotherecognitionofyourattainmentofthefollowing
UQ(PostgradCoursework)graduateattributes:
LEARNING
OBJECTIVES
GRADUATEATTRIBUTE
A.INDEPTHKNOWLEDGEOFTHEFIELDOFSTUDY
A2.Abroadunderstandingofthefieldofstudy,includinghowother
disciplinesrelatetothefieldofstudy.
2,5
A3.Acomprehensiveandindepthknowledgeinthefieldofstudy.
1,2,3,4,5
A5.Aninternationalperspectiveonthefieldofstudy.
1,5
A7.Anappreciationofthelinkbetweentheoryandpractice.
B.EFFECTIVECOMMUNICATION
B1.Theabilitytocollect,analyseandorganiseinformationandideas
andtoconveythoseideasclearlyandfluently,inbothwrittenand
spokenforms.
1,3,4
B2.Theabilitytointeracteffectivelywithothersinordertoworktowards
acommonoutcome.
1,3
B3.Theabilitytoselectandusetheappropriatelevel,styleandmeans
ofcommunication.
B4.Theabilitytoengageeffectivelyandappropriatelywithinformation
andcommunicationtechnologies.
B5.Theabilitytopractiseaspartofaninterdisciplinaryteam.
C.INDEPENDENCEANDCREATIVITY
C2.Theabilitytoworkandlearnindependentlyandeffectively.
2,4
C3.Theabilitytogenerateideasandadaptinnovativelytochanging
environments.
C5.Theabilitytoformulateandinvestigateproblems,createsolutions,
innovateandimprovecurrentpractices.
C6.Theabilitiesandskillsthatprovideafoundationforfutureleadership
roles.
D.CRITICALJUDGEMENT
D2.Theabilitytoapplycriticalreasoningtoissuesthroughindependent
thoughtandinformedjudgement.
D4.Theabilitytoprocessmaterialandtocriticallyanalyseandintegrate
1,2,3,4,5
1,2,3
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informationfromawiderangeofsources.
D5.Theabilitytoevaluateopinions,makedecisionsandtoreflect
criticallyonthejustificationsfordecisionsusinganevidencebased
approach.
2,3
E.ETHICALANDSOCIALUNDERSTANDING
E1.Anunderstandingofsocialandcivicresponsibility.
E3.Anappreciationofthephilosophicalandsocialcontextsofa
discipline.
3,4
E4.Aknowledgeandrespectofethicsandethicalstandardsinrelation
toamajorareaofstudy.
E5.Aknowledgeofotherculturesandtimesandanappreciationof
culturaldiversity.
E7.Theabilitytoworkeffectivelyandsensitivelyacrossallareasof
society.
E8.Anunderstandingofandrespectfortherolesandexpertiseof
associateddisciplines.
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3.LearningResources
3.1RequiredResources
Macroeconomics,N.GregoryMankiw,(2013)EighthEdition,WorthPublishers
Lectureswillcloselyfollowthetext,soitishighlyrecommendedthatstudentsreadthetext.
Additionalmaterialwillbeinformedorperhapsbemadeavailabletostudentsshouldtheneed
arise.
3.2RecommendedResources
Studentswillmaximisetheirbenefitfromthiscourseiftheymakeanefforttokeepabreastof
currentmacroeconomicconditions(e.g.inflation,interestrates,financialcrises,economicgrowth)
byreadingTheEconomistmagazineornewspaperssuchastheAustralianFinancialReview.This
coursewill,asmuchaspossible,usecurrentissuesasexamplesduringthelectures.Linksto
usefularticlesandwebsiteswillbepostedonBlackboard.
3.3UniversityLearningResources
Accesstorequiredandrecommendedresources,pluspastcentralexampapers,isavailableattheUQ
Librarywebsite(http://www.library.uq.edu.au/lr/ECON7020).
TheUniversityoffersarangeofresourcesandservicestosupportstudentlearning.Detailsare
availableonthemyServiceswebsite(https://student.my.uq.edu.au/).
3.4SchoolofEconomicsLearningResources
FromSemester1,2011TheSchoolofEconomicshasadoptedthenewUniversityCalculatorScheme.
ForassessmentinthiscoursestudentswillbepermittedtouseCasioFX82series(82withany
letters)oruniversityapproved(labelled)calculators.Forfurtherdetailsonapprovedcalculators
http://www.uq.edu.au/myadvisor/examcalculators.
Calculatorrequirementsmaydifferforotheruniversitycoursesandstudentsshouldcheckeach
courseprofileforthespecificrequirements.
PLEASENOTE:Itisthestudentsresponsibilitytoensuretheyhavethecorrectcalculatorpriorto
assessmentineachoftheircourses.StudentswithoutthecorrectcalculatorinaSchoolofEconomics
exammayhavetheircalculatorconfiscated.
GuidelinesforcorrectreferencingtechniquescanbefoundintheSchoolofEconomicspublication
GuideforAssignmentPresentation,whichcanbeaccessedonthewebsite,www.uq.edu.au/economics
3.5OtherLearningResources&Information
Thecoursetextistheprincipalresourceforthecourse(lectures,tutorialquestions,andpracticeMCQs).
Additionallearningresourceswillbepostedupfromtimetotimeifnecessary.
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4.Teaching&LearningActivities
4.1LearningActivities
Date
Activity
Learning
Objectives
3Mar14
NationalIncomeandGrowthWeek1(Lecture):
Introduction:MeasuresofEconomicActivity:GDP,Inflation,
EconomicIndicators.
Readings/Ref:Mankiw(Chapters1&2)
1,3
10Mar14
ElementsofGrowth,GrowthAccountingWeek2
(Lecture):ElementsofGrowth:Labour,Capital,TotalFactor
ProductivityGrowthAccountingEconomicEquilibrium.
Readings/Ref:Mankiw(Chapter3)
1,2,4
17Mar14
EconomicGrowthI:Capital&PopulationWeek3
(Lecture):AccumulationofCapital:SavingandGrowth
(SolowSwangrowthmodel):Steadystategrowth,Golden
ruleandoptimalinvestment,PopulationGrowth.
1,2,5
24Mar14
EconomicGrowthII:Technology&PolicyWeek4
(Lecture):Technologicalprogress,Convergence,
Endogenousgrowththeories.InstitutionalGovernance.
31Mar14
TheMonetarySystemWeek5(Lecture):Money:
FunctionsofMoney,MoneySupply,RolesofBanks,Monetary
Policy.
Readings/Ref:Mankiw(Chapters4)
1,2,3,4
7Apr14
MoneyandInflationWeek6(Lecture):Money:Quantity
TheoryofMoney,InflationandInterestRates,Costsof
Inflation.
1,2,3,4
1,2,3,4,5
14Apr14
OpenEconomyWeek7(Lecture):InternationalTrade
TradeandCapitalFlowsExchangeRates,PurchasingPower
Parity,TradePolicies.
18Apr14
GoodFridayPublicHoliday(Notutorial):
21Apr14
MidsemesterBreak(IndependentStudy):Selfstudyand
Review
28Apr14
MidSemesterExamWeek8(ProgressiveExam):
Basedonlectures16(weeks16).
Readings/Ref:Mankiw(Chs.16,8&9)
5May14
EconomicFluctuationsWeek9(Lecture):Business
CycleAggregateDemandAggregateSupplyStabilization
Policy.
2,4
12May14
ISLMModelWeek10(Lecture):GoodsMarketMoney
MarketISLMEqulibrium:ShiftsinISLMcurves
1,2,5
19May14
ISLMAnalysisWeek11(Lecture):FiscalandMonetary
policyCaseStudySimpleAlgebraofISLM.
1,2,3,5
26May14
TheMundellFlemingModelWeek12(Lecture):ISLM
foraSmallOpenEconomy:FloatingExchangeRates,Fixed
ExchangeRates,InterestRateDifferentials,CountryRisk.
1,2,3,4,5
2Jun14
StabilizationPolicyWeek13(Lecture):PolicyLags,
LucasCritique,RulesorDiscretion,TimeInconsistency.
1,3,5
1,2,3,4,5
1,2,3,4
4.2OtherTeachingandLearningActivitiesInformation
TutorialscommenceinWeek2.StudentsarerequiredtosignontoatutorialgroupviamySInet.
Itisessentialthatstudentsattendbothlecturesandtutorials.Thelectureswillbroadlycoverthe
relevantchaptersandintroducekeyconceptsandtheorieswhiletheirapplicationwilloccurduring
tutorials.However,thereisnoplantomaketutorialattendancecompulsory,andanswerswill
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progressivelybeputuponBlackboard.Havingsaidthat,justviewingtheanswersalonewillnotlead
toanindepthunderstandingofthekeyconceptsandtheories,andnotallanswersonBlackboardwill
necessarilybecoveredaswellasduringthetutorials.
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5.Assessment
5.1AssessmentSummary
Thisisasummaryoftheassessmentinthecourse.Fordetailedinformationoneachassessment,see
5.5AssessmentDetailbelow.
AssessmentTask
DueDate
Weighting
Learning
Objectives
Report
InTutorialReports
Week5(March31April4)
andWeek11(May1923)
20%
1,2,3,4,5
ExamMidSemesterDuring
Class
MidSemesterExam
28Apr14
30%
1,2,3,4,5
ExamduringExamPeriod
(Central)
FinalExam
ExaminationPeriod
50%
1,2,3,4,5
5.2CourseGrading
GradeX:Noassessableworkreceived.
Grade1,Fail:Failstodemonstratemostorallofthebasicrequirementsofthecourse:Serious
deficienciesinqualityofperformanceinrelationtolearningobjectives.
019.99%
Grade2,Fail:Demonstratescleardeficienciesinunderstandingandapplyingfundamentalconcepts
communicatesinformationorideasinwaysthatarefrequentlyincompleteorconfusingandgivelittle
attentiontotheconventionsofthediscipline:2044.99%
Grade3,Fail:Demonstratessuperficialorpartialorfaultyunderstandingofthefundamentalconcepts
ofthefieldofstudyandlimitedabilitytoapplytheseconceptspresentsundevelopedorinappropriate
orunsupportedargumentscommunicatesinformationorideaswithlackofclarityandinconsistent
adherencetotheconventionsofthediscipline:4549.99%
Grade4,Pass:Demonstratesadequateunderstandingandapplicationofthefundamentalconceptsof
thefieldofstudydevelopsroutineargumentsordecisionsandprovidesacceptablejustification
communicatesinformationandideasadequatelyintermsoftheconventionsofthediscipline:A
satisfactoryunderstandingoflectureandreadingmaterialasdemonstratedbyanabilitytomodel
macroeconomicphenomenaanalyticallyaswellasempiricallyandtoexplainthisclearly.
5064.99%
Grade5,Credit:Demonstratessubstantialunderstandingoffundamentalconceptsofthefieldofstudy
andabilitytoapplytheseconceptsinavarietyofcontextsdevelopsoradaptsconvincingarguments
andprovidescoherentjustificationcommunicatesinformationandideasclearlyandfluentlyintermsof
theconventionsofthediscipline:Agoodunderstandingoflectureandreadingmaterialasdemonstrated
byanabilitytomodelmacroeconomicphenomenaanalyticallyaswellasempiricallyandtoexplainthis
clearly.
6574.99%
Grade6,Distinction:Asfor5,withfrequentevidenceoforiginalityindefiningandanalysingissuesor
problemsandincreatingsolutionsusesalevel,styleandmeansofcommunicationappropriatetothe
disciplineandtheaudience:Averygoodcomprehensionoflectureandreadingmaterialas
demonstratedbyanabilitytomodelmacroeconomicphenomenaanalyticallyaswellasempiricallyand
toexplainthisclearly.
7584.99%
Grade7,HighDistinction:Asfor6,withconsistentevidenceofsubstantialoriginalityandinsightin
identifying,generatingandcommunicatingcompetingarguments,perspectivesorproblemsolving
approachescriticallyevaluatesproblems,theirsolutionsandimplications:Anexcellentcomprehension
oflectureandreadingmaterialasdemonstratedbyanabilitytomodelmacroeconomicphenomena
analyticallyaswellasempiricallyandtoexplainthisclearly.
85100%
OtherRequirements&Comments:PleasenotethatpercentagemarkswillNOTberounded(e.g.
84.99willremainas84.99andthestudentwillbeawardeda6).Thisdistributionwillbeusedstrictly
andnodeviationfromthisruleforallocatinggradeswillbeallowed.
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5.3LateSubmission
RequestsforthegrantingofextensionsmustbemadeontheApplicationforExtensionof
ProgressiveAssessmentformandmustbereceivedbytheCourseCoordinatoratleast24
hourspriortothesubmissiondate.Therequestmustalsocontaindocumentationsatisfactorily
supportingtherequest.Ifanextensionisapproved,thenewagreeddateforsubmissionwillbe
notedontheapplicationandthestudentnotifiedthroughtheirstudentemail.Anextension
madeonmedicalgroundswillbeforthenumberofdaysforwhichthemedicalcertificate
indicatesthestudentwasunwell,andwillnotexceed14days.Studentswhoareillformore
than14daysmaywishtoapplyforwithdrawalwithoutacademicpenalty.Theguidelinesfor
latesubmissionofprogressiveassessment,andtheapplicationform,maybeaccessedthrough
myAdvisor.
Thepenaltyforlatesubmissionofassessmentwithoutpriorapprovalforan
extensiontoprogressiveassessmentis20%perdayorpartthereof.
5.4OtherAssessmentInformation
TheSchoolofEconomicsiscommittedtoreducingtheincidenceofplagiarism.Further
informationonplagiarismandhowtoavoidanallegationofplagiarismisavailableunder
Section6.PoliciesandGuidelines6.1.AssessmentRelatedPolicies&Guidelinesofthis
CourseProfile.
SUBMISSIONOFASSIGNMENTS
Allassignmentsmustbesubmittedbytheduedateandtimestatedinthecourseprofile.
DEFERREDEXAMINATIONS
Ifyouareunabletoattendascheduledexam(e.g.duetoillnessorotherunavoidablecircumstances
whichcanbeevidencede.g.medicalcertificate),youmaybeeligibletositadeferredexaminationat
alatertime.
Informationaboutdeferredexaminationscanbefoundontheweb
athttp://www.uq.edu.au/myadvisor/index.html?page=2995Pleasereadthisinformationverycarefully.
Allapplicationsfordeferredexamsmustbesubmittedwithin(5)calendardaysoftheoriginaldateof
theexamination.
EndofSemesterExamination(CENTRALexam)submityourapplicationtotheStudentCentre,
Level1,J.D.StoryBuildingwithappropriatedocumentation.
1. Anapplicationmadeonmedicalgroundsmustbeaccompaniedbyanoriginalmedicalcertificate
signedbyamedicalpractitionerorregisterednursenolaterthantwo(2)businessdaysafter
theexaminationandstatingthatthestudentwasunfittosittheexaminationontherelevantday.
Studentsarerequiredtoconfirm,bysigningthedeferredexamapplicationform,thatthe
medicalpractitionerisnotanearrelativeorcloseassociate(Examplesofnearrelativesare
partner,child,brother,sister,orparent.Examplesofcloseassociatesareclosefriends,
neighboursandpartnersorchildrenofcolleagues.)(Itwillremainatthediscretionofthetreating
medicalpractitionerwhethertodeclaretheprecisenatureoftherelevantimpairment)
2. Anapplicationmadeonnonmedicalgroundsmustbeaccompaniedbyasigned
statementdetailingthegroundsfortheapplicationsupportedbyanycorroboratingevidence.
Deferredexaminationsarenotgrantedwheretheexecutivedeanorheadofschoolwasnotsatisfied
thatthestudenttookreasonablemeasures(steps)toavoidthecircumstancethatcontributedtothe
studentmissingorfailingtocompletetheexamination.Theseinclude:
holidayarrangements,includingoverseastravel
misreadinganexaminationtimetable
socialandleisureevents,includingsportingandculturalcommitmentsotherthanatstate,national
orinternationalrepresentativelevel
nothavingaUniversityapprovedcalculator
Applicationrulings:
ApplicationrulingswillbenotifiedtoyoubyemailtoyourUniversitystudentemailaddress.Shouldyou
notreceivearesponsetoyourapplicationforanendofsemesterdeferredexaminationbythetimethe
finalresultsarereleased,pleasecontactExaminationsSectionoryourfaculty,asappropriate.
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SUPPLEMENTARYASSESSMENT
Ifyoufailacourse(generallywithagradeofthree),youmaybeeligibletositasupplementaryexam.
Youcanfindinformationaboutsupplementaryassessmentat:
http://www.uq.edu.au/myadvisor/index.html?page=2954Readthisinformationverycarefullytoseeif
youmaybeeligibletoapplyforsupplementaryassessment.AlsoseeGeneralAwardRules,Section
1A.17.3,andyourprogramrules.
ApplicationsforsupplementaryassessmentmustbelodgedonlineviamySInet,within5
daysoftheofficialreleaseofresults.
ImportantInformationregardingSupplementaryExaminationsforcourseswithintheFacultyof
Business,Economics&Law:
SupplementaryExaminationsareweightedat100%(i.e.progressiveassessmentdoesnotcount)
andthereforeALLmodulesandtopicsareassessable.
ResultsforSupplementaryExaminationscannotbegradedhigherthanafour(4).
Onceapproved,applicationscannotberescinded.
StudentsareadvisedtotaketheDeferred&SupplementaryExamperiodintoaccountwhen
makingpostexaminationplans(2325July).
5.5AssessmentDetail
InTutorialReports
Type:Report
LearningObjectivesAssessed:1,2,3,4,5
DueDate:
Week5(March31April4)andWeek11(May1923)
Weight:20%
TaskDescription:
Eachtutorialreportaccountsfor10%oftotalcourseassessment.Atthebeginningofeachassessable
tutorial,studentswillbegiven15minutestocompleteashortquiz.Detailsoftheformatwillbe
providedpriortothequiz.Theobjectiveistoprovidestudentswithfeedbackontheirprogresswith
thecoursematerial.
Submission:Submittedintutorial
MidSemesterExam
Type:ExamMidSemesterDuringClass
DueDate:
28Apr14
Weight:30%
Reading:10minutes
Duration:90minutes
Format:Multiplechoice,Shortanswer
TaskDescription:
Anexamworth30%offinalmarkwillbeheldWeek8(28April2014)theformatisamixtureof
shortanswerquestionsandmultiplechoicequestions.Materialcoveredwillencompasslectures1to6.
Perusaltimeis10minutesanddurationoftheexamis90minutes.Incorrectanswersformultiple
choicequestionswillnotbesubjecttopenalties.
FinalExam
Type:ExamduringExamPeriod(Central)
DueDate:
ExaminationPeriod
Weight:50%
Reading:10minutes
Duration:120minutes
Format:Multiplechoice,Shortanswer
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TaskDescription:
Finalexamcoveringmaterialfromlecture7(Week7)onwards.Lengthofexamistwohours.
Assessmentwilltaketheformofmultiplechoicequestionsandaseriesofshortanswerquestions.
Incorrectanswersformultiplechoicequestionswillnotbesubjecttopenalties.
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6.Policies&Guidelines
Thissectioncontainsthedetailsofandlinkstothemostrelevantpoliciesandcourseguidelines.For
furtherdetailsonUniversityPoliciespleasevisitmyAdvisorandthePolicyandProceduresLibrary.
6.1AssessmentRelatedPoliciesandGuidelines
UniversityPolicies&Guidelines
AnoverviewoftheUniversitysassessmentrelatedpoliciescanbefoundonmyAdvisor
(http://www.uq.edu.au/myadvisor/index.html?page=2910).
AcademicIntegrity
ItistheUniversity'stasktoencourageethicalscholarshipandtoinformstudentsandstaffabout
theinstitutionalstandardsofacademicbehaviourexpectedoftheminlearning,teachingand
research.Studentshavearesponsibilitytomaintainthehigheststandardsofacademicintegrityin
theirwork.Studentsmustnotcheatinexaminationsorotherformsofassessmentandmust
ensuretheydonotplagiarise.
Plagiarism
TheUniversityhasadoptedthefollowingdefinitionofplagiarism:
Plagiarismistheactofmisrepresentingasone'sownoriginalworktheideas,
interpretations,wordsorcreativeworksofanother.Theseincludepublishedand
unpublisheddocuments,designs,music,sounds,images,photographs,computercodes
andideasgainedthroughworkinginagroup.Theseideas,interpretations,wordsorworks
maybefoundinprintand/orelectronicmedia.
StudentsareencouragedtoreadtheUQStudentIntegrityandMisconductpolicy
(http://ppl.app.uq.edu.au/content/3.60.04studentintegrityandmisconduct)whichmakesa
comprehensivestatementabouttheUniversity'sapproachtoplagiarism,includingtheapproved
useofplagiarismdetectionsoftware,theconsequencesofplagiarismandtheprinciplesassociated
withpreventingplagiarism.
ApplicationsforExtensions
Medicalgrounds:Applicationsforextensiononmedicalgroundsshallbemadebylodging
theApplicationforExtensionofProgressiveAssessmentformandsupportingdocumentationat
thelocationoutlinedinSection5.3oftheElectronicCourseProfileforthecourseconcerned.
Exceptionalcircumstances:Applicationsforextensiononthegroundsofexceptional
circumstancesshallbemadetotherelevantCourseCoordinator/ProgramDirectorby
lodgingtheApplicationforExtensionofProgressiveAssessmentformandapersonal
statementoutliningthegroundsfortheapplicationatthelocationandbytheduedateoutlined
inSection5.3oftheElectronicCourseProfileforthecourseinwhichthisapplicationismade.
Iftheexceptionalcircumstancesaresuchthatthestudentcannotreasonablybeexpectedto
havecompliedwiththeseconditions,acaseshouldbemadeastowhytheseconditionscould
notbemet.
Outcomeofapplication:Studentswillbeadvisedoftheoutcomeoftheirapplicationvia
theirstudentemail.
FeedbackonAssessmentFeedbackisessentialtoeffectivelearningandstudentscanexpectto
receiveappropriateandtimelyfeedbackonallassessment.Foradetailedexplanationofthe
feedbackyouareentitledto,youshouldconsultthepolicyonStudentAccesstoFeedbackon
Assessment.(https://ppl.app.uq.edu.au/content/3.10.02assessment)
Asastudentyouhavearesponsibilitytoincorporatefeedbackintoyourlearningmakeuseofthe
assessmentcriteriathatyouaregivenbeawareoftherules,policiesandotherdocuments
relatedtoassessmentandprovideteacherswithfeedbackontheirassessmentpractices.
Therearecertainstepsyoucantakeifyoufeelyourresultdoesnotreflectyourperformance.
PleaserefertothemyAdvisorwebsite.(http://www.uq.edu.au/myadvisor/index.html?
page=2953)
FeedbackinthisCourse
Assignmentswillbereturnedandmidsemesterpaperswillbemadeavailableforviewingatan
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appropriatedatetobeannounced.
SchoolofEconomicsAssessmentGuidelines
DefinitionofPlagiarism
Theactofmisrepresentingasone'sownoriginalworktheideas,interpretations,wordsorcreative
worksofanothereitherintentionallyorunintentionally.Theseincludepublishedandunpublished
documents,designs,music,sounds,images,photographs,computercodesandideasgained
throughworkinginagroup.Theseideas,interpretations,wordsorworksmaybefoundinprint
and/orelectronicmedia.
Youmustmakeitclearwhichideasyouhaveobtainedfromsomeoneelse.Superficialandminor
changesdonotdisguiseyouruseofthewordsofsomeoneelse.Youcommitplagiarismifyoudo
notacknowledgethesourceofadirectquote,oraspecificpieceofwritingthatyouhave
paraphrased,orevenifyoudescribeanideaorconceptthatyouhaveheardorreadsomewhere
withoutareferenceoracknowledgement.
Examplesofplagiarismare:
Directcopyingofparagraphs,sentences,asinglesentenceorsignificantpartsofasentence
Directcopyingofparagraphs,sentences,asinglesentenceorsignificantpartsofasentence
withanendreferencebutwithoutquotationmarksaroundthecopiedtext
Copyingideas,concepts,researchresults,computercodes,statisticaltables,designs,images,
soundsortextoranycombinationofthese
Paraphrasing,summarisingorsimplyrearranginganotherperson'swords,ideas,etcwithout
changingthebasicstructureand/ormeaningofthetext
Referringanideaorinterpretationthatisnotone'sownwithoutidentifyingwhoseideaor
interpretationitis
Acutandpaste'ofstatementsfrommultiplesources
Presentingasindependent,workdoneincollaborationwithothers
Copyingoradaptinganotherstudent'soriginalworkintoasubmittedassessmentitem.
Submittingthesameworkorrecyclingworkinmorethanonecoursewithoutpriorpermission
ofthecoursecoordinator.
ImportanceofReferencing
Completeandaccuratereferencingisessentialforacademicwriting.Therearethreemain
reasonswhyfullreferencingisessential.
1. Thefirstisthatwhenanotherwritersworkisusedwithoutbeingreferencedtheactof
plagiarismhasbeencommitted.Plagiarismistheactofmisrepresentingasonesownworkthe
ideas,interpretations,wordsorcreativeworksofanotherandiscoveredbytheUniversitys
StudentIntegrityandMisconductPolicy.1.ThepenaltyforplagiarismunderthePolicycan
rangefromzeromarksfortheassessmentitemtocancellationofcreditforthecourse.
2. Thesecondreasonforreferencingissothatanyonereadingthepapercanfollowupanyideas
orconceptsthathavebeenpresented.Thisisespeciallyimportantinacademicwritingwhere
peopleinvolvedinresearchmayreadthepaper.Oneofthemainwaysofresearchingatopic
istoreadwhatotherpeoplehavewrittenandthenfollowupsomeofthereferencestheyhave
cited.Then,afterthosefollowuppapershavebeenreadtheresearchercancontinuethe
searchtrailbytrackingdownmorereferencescitedinthosefollowuppapers,andsoon.This
isknownasabibliographicalchain.Thisresearchisdifficultifnotimpossibletocompleteif
papersarenotfullyandaccuratelyreferenced.
3. Thirdly,referencingisimportantasitaddscredibilitytotheargumentthatyouarepresenting.
Ifanargumentistohaveanycredibilityitmustbesupportedbyevidenceandthatevidence
mustbereferenced.
Ifareaderofyourpapercanreadsomethingthatyouhavewrittenandaskquestionslikewho
says?OrHowdoyouknowthat?OrOnwhatdoyoubasethatcomment?Thenwhatyouhave
writtenneedstobereferenced.Formoreinformationontheimportanceof,anddirectionon
referencingpleaserefertotheSchoolofEconomicsAssignmentPresentationGuide.
ConsequencesofPlagiarism
StudentsshouldbeawarethattheSchoolofEconomicsdoesnothesitatetousetheprocedures
availableundertheUniversityofQueenslandStudentIntegrityandMisconductPolicyto
investigatesuspectedmisconductinvolvingplagiarism.
Thepenaltiesimposedforcaseswhereafindingofmisconductismadevary,basedonthe
seriousnessofthecaseandrangeacrossbutarenotlimitedto:
areductioninthemarkfortheassessmentpieceorcancellationofthemarkforthe
assessmentpiece
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arequirementtocompletefurtherorrepeatworkforthesubject
thecancellationofcreditforthesubject
expulsionfromtheUniversity.
Studentsshouldalsobeawareofthefactthatwhenafindingofmisconductismadethatthisis
recordedontheUniversityscentralmisconductdatabase.
6.2OtherPoliciesandGuidelines
UniversityPoliciesandGuidelines
PlacementCourses
Studentsonaplacementcoursealsoknownasaworkplacement,internship,industrystudy,
industryexperience,clinicalpractice,clinicalplacement,practicalwork,practicum,fieldwork,
teachingpracticeshouldrefertotheUniversitypolicy,PlacementCourses
(https://ppl.app.uq.edu.au/content/3.10.04placementcourses)fordetailedinformation.
WorkingwithChildren
Studentswhosestudiesincludeaprofessional/workplacement,internship,clinicalpractice,teaching
practiceorothersimilaractivitywhichinvolvestheminregularcontactwithchildrenshouldreferto
theUniversitypolicy,WorkingwithChildrenCheck"bluecard"
(http://ppl.app.uq.edu.au/content/1.60.07workingchildren)tofindouthowtoapplyforablue
card.
StudentswithaDisability
Anystudentwithadisabilitywhomayrequirealternativeacademicarrangements,including
assessment,inthecourse/programisencouragedtoseekadviceatthecommencementofthe
semesterfromaDisabilityAdvisoratStudentServices.RefertotheUniversitypolicy,Studentswith
aDisability(DisabilityActionPlan)(https://ppl.app.uq.edu.au/content/3.50.08alternative
academicarrangementsstudentsdisability)andtothepolicyonSpecialArrangementsfor
ExaminationsforStudentswithaDisability(https://ppl.app.uq.edu.au/content/3.50.09
arrangementsreasonableadjustmentsexaminationsstudentsdisability#Procedures).
Whileitistheresponsibilityoftherelevantfacultytoliaisewithprofessionalandregistrationbodies
regardingtheacceptabilityofanyadjustmenttoanacademicprogram,theUniversityHealth
Servicecanarrangeappropriateadviceandassistanceonpersonalandpublichealthissues.
OccupationalHealthandSafety
UndergraduateandPostgraduateStudentsshouldbefamiliarwiththeUniversitypolicieson
occupationalhealthandsafetyinthelaboratory(https://ppl.app.uq.edu.au/content/2.30.14
occupationalhealthandsafetylaboratory).
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8/19/2015
LearningSummary
Belowisatableshowingtherelationshipbetweenthelearningobjectivesforthiscourseandthebroader
graduateattributesdeveloped,thelearningactivitiesusedtodevelopeachobjectiveandtheassessment
taskusedtoassesseachobjective.
LearningObjectives
Aftersuccessfullycompletingthiscourseyoushouldbeableto:
1UnderstandthebasictheoriesunderpinningmodernMacroeconomics.
2CriticallyanalyseappliedMacroeconomictheories.
3ApplyMacroeconomictheoriesinarealworldsetting.
4Havetheabilitytodefineandanalyseproblemsbasedonmodellingframeworksandan
understandingofrelevantdataandinstitutionaldetail.
5Identifykeycontemporarymacroeconomicproblems,bothdomesticandinternational,
anddiscusspossiblesolutionsandpotentialinnovationstowardsimprovingcurrentpolicies
andpractices.
Assessment&LearningActivities
LearningObjectives
LearningActivities
NationalIncomeandGrowthWeek1(Lecture)
ElementsofGrowth,GrowthAccountingWeek2(Lecture)
EconomicGrowthI:Capital&PopulationWeek3(Lecture)
EconomicGrowthII:Technology&PolicyWeek4(Lecture)
TheMonetarySystemWeek5(Lecture)
MoneyandInflationWeek6(Lecture)
OpenEconomyWeek7(Lecture)
GoodFridayPublicHoliday(Other)
MidsemesterBreak(IndependentStudy)
MidSemesterExamWeek8(ProgressiveExam)
EconomicFluctuationsWeek9(Lecture)
ISLMModelWeek10(Lecture)
ISLMAnalysisWeek11(Lecture)
TheMundellFlemingModelWeek12(Lecture)
StabilizationPolicyWeek13(Lecture)
AssessmentTasks
InTutorialReports
MidSemesterExam
FinalExam
GraduateAttributes
Successfullycompletingthiscoursewillcontributetotherecognitionofyourattainmentofthe
followingUQ(PostgradCoursework)graduateattributes:
LearningObjectives
1
GraduateAttributes
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AINDEPTHKNOWLEDGEOFTHEFIELDOFSTUDY
A2.Abroadunderstandingofthefieldofstudy,includinghowother
disciplinesrelatetothefieldofstudy.
A3.Acomprehensiveandindepthknowledgeinthefieldofstudy.
A5.Aninternationalperspectiveonthefieldofstudy.
A7.Anappreciationofthelinkbetweentheoryandpractice.
BEFFECTIVECOMMUNICATION
B1.Theabilitytocollect,analyseandorganiseinformationandideas
andtoconveythoseideasclearlyandfluently,inbothwrittenand
spokenforms.
B2.Theabilitytointeracteffectivelywithothersinordertowork
towardsacommonoutcome.
B3.Theabilitytoselectandusetheappropriatelevel,styleand
meansofcommunication.
B4.Theabilitytoengageeffectivelyandappropriatelywith
informationandcommunicationtechnologies.
B5.Theabilitytopractiseaspartofaninterdisciplinaryteam.
CINDEPENDENCEANDCREATIVITY
C2.Theabilitytoworkandlearnindependentlyandeffectively.
C3.Theabilitytogenerateideasandadaptinnovativelytochanging
environments.
C5.Theabilitytoformulateandinvestigateproblems,create
solutions,innovateandimprovecurrentpractices.
C6.Theabilitiesandskillsthatprovideafoundationforfuture
leadershiproles.
DCRITICALJUDGEMENT
D2.Theabilitytoapplycriticalreasoningtoissuesthrough
independentthoughtandinformedjudgement.
D4.Theabilitytoprocessmaterialandtocriticallyanalyseand
integrateinformationfromawiderangeofsources.
D5.Theabilitytoevaluateopinions,makedecisionsandtoreflect
criticallyonthejustificationsfordecisionsusinganevidencebased
approach.
EETHICALANDSOCIALUNDERSTANDING
E1.Anunderstandingofsocialandcivicresponsibility.
E3.Anappreciationofthephilosophicalandsocialcontextsofa
discipline.
E4.Aknowledgeandrespectofethicsandethicalstandardsin
relationtoamajorareaofstudy.
E5.Aknowledgeofotherculturesandtimesandanappreciationof
culturaldiversity.
E7.Theabilitytoworkeffectivelyandsensitivelyacrossallareasof
society.
E8.Anunderstandingofandrespectfortherolesandexpertiseof
associateddisciplines.
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LastUpdated24May,2006
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Syllabus of The Macroeconomy

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