ECON6002 Macroeconomic Theory I

Subject Code

ECON6002

Study Level

Postgraduate

Commencing Term

Term 2

Total Units of Credit (UOC)

Delivery Mode

Online

School

Economics

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1. Course Details

Summary of Course

The primary objective of this course is to introduce you to (necessarily selected) core topics in modern macroeconomic and monetary theory, as well as some topical issues in macroeconomic policy. We will first study theoretical and empirical treatments of real business cycles. We will then develop various monetary models of the business cycle and characterise optimal monetary policy in those set-ups. We will also discuss the macroeconometric tools necessary to study these topics.

Teaching Times and Locations

Please note that teaching times and locations are subject to change. Students are strongly advised to refer to the Class Timetable website for the most up-to-date teaching times and locations.

View course timetable

Course Policies & Support

The Business School expects that you are familiar with the contents of this course outline and the UNSW and Business School learning expectations, rules, policies and support services as listed below:

Program Learning Outcomes
Academic Integrity and Plagiarism
Student Responsibilities and Conduct
Special Consideration
Protocol for Viewing Final Exam Scripts
Student Learning Support Services

Further information is provided in the Assessment and Policies and Support sections.

Students may not circulate or post online any course materials such as handouts, exams, syllabus or similar resources from their courses without the written permission of their instructor.

Course Aims and Relationship to Other Courses

This course is a graduate course on advanced macroeconomics. It will build on the material that is taught in intermediate courses in macroeconomics. Relative to your past studies in economics, you will acquire from this course an extra layer of professional knowledge and core analytical skills in advanced macroeconomics.

Student Learning Outcomes

The Course Learning Outcomes (CLOs) are what you should be able to demonstrate by the end of this course, if you participate fully in learning activities and successfully complete the assessment items.

CLOs also contribute to your achievement of the Program Learning Outcomes (PLOs), which are developed across the duration of a program for all coursework students in the Business School. More information on PLOs is available under Policies and Support. PLOs are, in turn, directly linked to UNSW graduate capabilities and the aspiration to develop “globally focussed graduates who are rigorous scholars, capable of leadership and professional practice in an international community”.

The following table shows how the CLOs for this course relate to the overall PLOs and indicates where each CLO and PLO is assessed:

Course Learning Outcomes	Program Learning Outcomes	Course Assessment Item
On successful completion of the course, you should be able to:	This course helps you to develop the following Program Learning Outcomes:	This learning outcome will be assessed in the following items:
1. Use Real Business Cycle models to explain business cycle fluctuations	PLO 2: Problem solving PLO 6: Global and cultural competence	Problem sets Final exam
2. Solve rational expectations models to understand the role of technological shocks in explaining business cycle fluctuations	PLO 1: Business knowledge PLO 2: Problem solving PLO 5: Responsible business practice PLO 6: Global and cultural competence	Problem sets Class presentation Final exam
3. Apply monetary business cycle models to demonstrate the real impact of nominal variables	PLO 1: Business knowledge PLO 2: Problem solving PLO 5: Responsible business practice PLO 6: Global and cultural competence PLO 7: Leadership development	Problem sets Class presentation Final exam
4. Use and explain maximum likelihood approaches and structural VAR for estimating empirical impulse responses of the macroeconomy to various shocks	PLO 1: Business knowledge PLO 2: Problem solving	Problem sets Final exam
5. Use an understanding of monetary policy to explain the role of monetary policy in the real world	PLO 1: Business knowledge PLO 2: Problem solving PLO 5: Responsible business practice PLO 6: Global and cultural competence	Problem sets Class presentation Final exam

2. Staff Contact Details

Position	Title	Name	Email	Location	Phone	Consultation Times
Lecturer-in-charge	Dr	Arpita Chatterjee		Room 430C, UNSW Business School	9385 4314	Tuesdays 9-10 pm and by appointment
Lecturer	Dr	Pratiti Chatterjee		Room 446, UNSW Business School	9385 2150	Tuesdays 7.30-8.30 pm and by appointment

Communication with staff

You should feel free to contact your lecturer about any academic matter. The lecturer will hold online consultation hours during the term. However, if students need consultation outside the scheduled consultation hours, they are encouraged to make an appointment with the lecturer.

Email is the recommended means of initial communication with the teaching staff for this course. Discussion of course subject material will not be entered into via lengthy emails.

Student Enrolment Requests

Students can vary their own enrolment (including switching lecture streams or tutorials) via myUNSW until the end of Week 1. In general, most other student enrolment requests should be directed to The Nucleus: Student Hub (formerly Student Central). These include enrolment in full courses or tutorials, course timetable clashes, waiving prerequisites for any course, transfer-of-credit (international exchange, transfer to UNSW, cross-institutional study, etc.), or any other request which requires a decision about equivalence of courses and late enrolment for any course. Where appropriate, the request will be passed to the School Office for approval before processing. Note that enrolment changes are rarely considered after Week 2 classes have taken place.

3. Learning and Teaching Activities

Approach to Learning and Teaching in the Course

The philosophy underpinning this course and its teaching and learning strategies is based on “Guidelines on Learning that Inform Teaching at UNSW". Specifically, the lectures, tutorials and assessment have been designed to appropriately challenge students and support the achievement of the desired learning outcomes. A climate of inquiry and dialogue is encouraged between students and teachers and among students (in and out of class). For this purpose, online lectures will be recorded and a weekly tutorial and Q&A session will be streamed.

Understanding and using economic models is key element in economic analysis and in undertaking research in economics. The best way to gain a deep understanding of these models is by working through the models yourself using a pen and paper. Look at the equations and write them out (or draw the diagrams). Note what variables enter into the models and make sure you can provide an intuitive explanation as to why they are there. Think about the assumptions used in the model and ask why they are used. Look at how the model is solved and then look at the solution and see if it makes economic sense. In some cases, you will should work through the data and convince yourself that the model is an appropriate specification.

It usually takes time to build up these skills, so it is good practice to begin early in the session and do a little at a time. In the lectures we will work through important models, but the numerous problem sets will give you practice at working with and solving economic models and help you to acquire the necessary skills.

Learning Activities and Teaching Strategies

The examinable content of the course is defined by the references given in the lecture schedule, the content of lectures, and the content covered in web-based learning.

Lectures

The purpose of lectures is to provide a logical structure for the topics that make up the course; to emphasise the important concepts and methods of each topic; and to provide relevant examples to which the concepts and methods are applied. Pre-recorded lectures and reading materials will be posted in advance.

Web-based Learning

Web-based learning is an integral part of the course. Presentations, discussions, and problems that occur on the web-based learning platform will build on the material discussed in class with the lecturer.

Tutorials

Tutorials will be held at set times overlapping the scheduled class times published in the UNSW Timetable. Students are expected to view the pre-recorded lectures and the lecturer will provide additional clarification, explanation of the lecture content and answer student questions during the tutorial.

Out-of-Class Study

While students may have preferred individual learning strategies, most learning will be achieved outside of class time. Lectures can only provide a structure to assist your study, and in-class time is limited.

An “ideal” strategy (on which the provision of the course materials is based) might include:

Pre-recorded lectures and reading materials will be posted in advance. Reading of the relevant chapter(s) of the text and any readings before the tutorial. This will give you a general idea of the topic area.
Attending tutorials. The context, importance, and relevance of course material is identified and clarified here. Tutorials will be held overlapping with scheduled lecture timings.
Participating in web-based learning.
Tutorial will be followed by additional time for consultation.

4. Assessment

Formal Requirements

In order to pass this course, you must:

achieve a composite mark of at least 50 out of 100;
meet any additional requirements described in the Assessment Summary section.

You are expected to attempt all assessment requirements in the course.

Assessment Structure

Assessment Task	Weighting	Length	Due Date
Problem set I	20%	2-3 questions covering materials in Weeks 1-2	5 pm, Friday of Week 3
Problem set II	35%	5-6 questions covering materials in Weeks 1-5	5 pm, Friday of Week 7
Class presentation	25%	In the form of students' presentation of selected course relevant papers and submission of slides.	Week 10, in lecture time
Final Exam	20%	Take-home final exam covering the second part of the course.	University Exam period

Assessment Summary

As a student at UNSW you are expected to display academic integrity in your work and interactions. Where a student breaches the UNSW Student Code with respect to academic integrity, the University may take disciplinary action under the Student Misconduct Procedure. To assure academic integrity, you may be required to demonstrate reasoning, research and the process of constructing work submitted for assessment.

To assist you in understanding what academic integrity means, and how to ensure that you do comply with the UNSW Student Code, it is strongly recommended that you complete the Working with Academic Integrity module before submitting your first assessment task. It is a free, online self-paced Moodle module that should take about one hour to complete.

Problem sets

The problem sets will examine your knowledge of business cycle models. They are individual assignments as described below.

Problem set I (20%)

2-3 questions covering materials in Week 1-2.

Problem set II (35%)

5-6 questions covering materials in Week 1-5.

Class presentations (25%)

These will be in the form of student presentations of selected course-relevant papers, plus submission of presentation slides in Week 10. Selected papers relevant to the course content and matched with students' interests will be presented by students including some replication/extension and connection to broader literature and policy issues. Depending on student preferences, presentations can be prepared and given in teams of up to three students. Students can self-select into groups. Each team member is expected to have an equivalent level of involvement and contribution to the assessment process and product. Teams must submit by Week 8 a team contract specifying member names, task roles and deadlines. Students will share the presentation time equally and will submit the presentation slides as a team. Each student will also submit a peer review form (provided by the lecturer) evaluating his or her team partner(s). Every team is expected to attend all presentations, and will also need to submit a summary (100 words or less) of feedback on the other teams' presentations. This will be counted as class participation. The total mark for the Class Presentation assignment will then consist of the group mark (content and slides) worth 15%, the peer review of one's own team members, worth 2.5%, class participation worth 2.5%, and individual presentation skills, worth 5%.

Final Exam (20%)

There will be a take-home final exam during university exam period. More details about the final exam will be made available on Moodle.

Assignment Submission Procedure

Students will submit problem sets via email to the corresponding lecturer.

Assessment Feedback

Feedback on student performance from formative and summative assessment tasks will be provided to students in a timely manner. Assessment tasks completed within the teaching period of a course, other than a final assessment, will be assessed and students provided with feedback, with or without a provisional result, within 10 working days of submission, under normal circumstances. Feedback on continuous assessment tasks (e.g. laboratory and studio-based, workplace-based, weekly quizzes) will be provided prior to the midpoint of the course.

Special Consideration

You can apply for special consideration when illness or other circumstances beyond your control, interfere with your assessment performance (to apply see Special Consideration on the UNSW Current Students page). Special Consideration is primarily intended to provide you with an extra opportunity to demonstrate the level of performance of which you are capable.

Special Consideration applications will be assessed centrally by the Case Review Team within Student Lifecycle. The Case Review team will update the online application with the outcome and add any relevant comments.

Please note the following:

Applications can only be made through Online Services in myUNSW. Applications will not be accepted by teaching staff. The lecturer-in-charge/course coordinator will be automatically notified when you lodge an online application for special consideration.
Applying for special consideration does not automatically mean that you will be granted a supplementary exam or other concession.
If you experience illness or misadventure in the lead up to an exam or assessment, you must submit an application for special consideration, either prior to the examination taking place, or prior to the assessment submission deadline, except where illness or misadventure prevent you from doing so.
If you sit the exam/submit an assignment, you are declaring yourself well enough to do so and are unable to subsequently apply for special consideration.
If you become unwell on the day of the exam, you must provide evidence dated within 24 hours of the exam, with your application.
The current provisions will continue for exceptional circumstances, for example, if a student falls sick during an exam. Other exceptions will continue to be examined on a case by case basis by the Student Lifecycle team.
Special consideration requests do not allow the awarding of additional marks to students.

Further information on Business School policy and procedure, as well as supplementary exam dates for the current term, can be found under “Special Consideration” on the Policies and Support page.

Any students who experience difficulties with the online mode of learning are encouraged to contact the lecturer ahead of the submission deadline. Requests for late submission should be made via the Special Consideration process.

Protocol for Viewing Final Exam Scripts

The UNSW Business School has set a protocol under which students may view their final exam script. Individual schools within the Faculty may also set up a local process for viewing final exam scripts, so it is important that you check with your School. Further school specific information may be included below.

Quality Assurance

The Business School is actively monitoring student learning and quality of the student experience in all its programs. A random selection of completed assessment tasks may be used for quality assurance, such as to determine the extent to which program learning goals are being achieved. The information is required for accreditation purposes, and aggregated findings will be used to inform changes aimed at improving the quality of Business School programs. All material used for such processes will be treated as confidential.

5. Course Resources

The website for this course is on UNSW Moodle.

Additional materials such as lecture notes, slides, papers, and so forth will be provided through the course website on UNSW Moodle.

There is no prescribed textbook for the course. Students may find the following graduate textbooks (available in the UNSW Library) useful for some parts of the course, but you are not required to purchase any textbook.

Interest and Prices: Foundations of a Theory of Monetary Policy, M. Woodford, Princeton University Press, 2003. [W]
Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework, J. Galí, Princeton University Press, 2015 [G]
Monetary Theory and Policy, C. Walsh, MIT Press, 2017. [Wa]

6. Course Evaluation & Development

Feedback is regularly sought from students and continual improvements are made based on this feedback. At the end of this course, you will be asked to complete the myExperience survey, which provides a key source of student evaluative feedback. Your input into this quality enhancement process is extremely valuable in assisting us to meet the needs of our students and provide an effective and enriching learning experience. The results of all surveys are carefully considered and do lead to action towards enhancing educational quality.

The School of Economics strives to be responsive to student feedback. If you would like more information on how the design of this course and changes made to it over time have taken students’ needs and preferences into account, please contact the Director of Education at the School of Economics.

7. Course Schedule

Note: for more information on the UNSW academic calendar and key dates including study period, exam, supplementary exam and result release, please visit: https://student.unsw.edu.au/new-calendar-dates

Week	Activity	Topic	Assessment/Other
Week 1: 1 June	Lecture	Real Business Cycle Models Pre-recorded lectures, slides and reading material to be uploaded on Moodle	King, R. G., C. I. Plosser, and S. T. Rebelo (1988), “Production, Growth and Business Cycles I. The Basic Neoclassical Model,” Journal of Monetary Economics. King, R. G. and S. T. Rebelo (1999), “Resuscitating Real Business Cycles,” Handbook of Macroeconomics. Barlevy, G. 2005. “The cost of business cycles and the benefits of stabilization.’’ Economic Perspectives.
Week 1: 1 June	Tutorial	Tuesday 7.30-9 pm	Tutorial time overlaps with scheduled lecture time
Week 2: 8 June	Lecture	Solving Linear Rational Expectations Models Pre-recorded lectures, slides and reading material to be uploaded on Moodle	Blanchard, O. J. and C. Kahn (1980), “The Solution of Linear Difference Models Under Rational Expectations,” Econometrica. Uhlig, H. 1999. “Toolkit for Analyzing Nonlinear Dynamic Stochastic Models Easily.” Tilburg University, Center for Economic Research. Sims (2000), “Solving Linear Rational Expectations Models”, unpublished manuscript, Princeton University.
Week 2: 8 June	Tutorial	Tuesday 7.30-9 pm	Tutorial time overlaps with scheduled lecture time
Week 3: 15 June	Lecture	Monetary Business Cycle Models Pre-recorded lectures, slides and reading material to be uploaded on Moodle	Woodford, chapter 2: “Price-Level Determination under Interest-Rate” [Sections 2.1, 2.2, 2.4]. Woodford, chapter 3: “Optimizing Models with Nominal Rigidities” [Sections 3.1 and 3.2]. Woodford, chapter 4: “Interest Rate Rules and Price Stability [Sections 4.1-4.2.2]. Gali chapter 3: “The Basic New Keynesian Model”. Walsh chapter 8: "New Keynesian Monetary Economics". Problem set I due
Week 3: 15 June	Tutorial	Tuesday 7.30-9 pm	Tutorial time overlaps with scheduled lecture time
Week 4: 22 June	Lecture	Monetary Business Cycle Models Pre-recorded lectures, slides and reading material to be uploaded on Moodle	Woodford, chapter 2: “Price-Level Determination under Interest-Rate” [Sections 2.1, 2.2, 2.4]. Woodford, chapter 3: “Optimizing Models with Nominal Rigidities” [Sections 3.1 and 3.2]. Woodford, chapter 4: “Interest Rate Rules and Price Stability [Sections 4.1-4.2.2]. Gali chapter 3: “The Basic New Keynesian Model”. Walsh chapter 8: "New Keynesian Monetary Economics".
Week 4: 22 June	Tutorial	Tuesday 7.30-9 pm	Tutorial time overlaps with scheduled lecture time
Week 5: 29 June	Lecture	Role for policy: Optimal policy and rule-based approaches Pre-recorded lectures, slides and reading material to be uploaded on Moodle	Clarida, Gali, and Gertler (1999), “The Science of Monetary Policy: A New Keynesian Perspective”, Journal of Economic Literature. Bullard, and Mitra - "Learning about monetary policy rules"- Journal of Monetary Economics -2002. Gali - Monetary Policy, Inflation, and the Business Cycle - An Introduction to the New Keynesian Framework - Chapter 4.
Week 5: 29 June	Tutorial	Tuesday 6-7.30 pm	Tutorial time overlaps with scheduled lecture time
Week 6: 6 July	Lecture	Role for policy: Optimal policy and rule-based approaches (continued) Pre-recorded lectures, slides and reading material to be uploaded on Moodle	Clarida, Gali, and Gertler (1999), “The Science of Monetary Policy: A New Keynesian Perspective”, Journal of Economic Literature. Bullard, and Mitra - "Learning about monetary policy rules"- Journal of Monetary Economics -2002. Gali - Monetary Policy, Inflation, and the Business Cycle - An Introduction to the New Keynesian Framework - Chapter 4.
Week 6: 6 July	Tutorial	Tuesday 6-7.30 pm	Tutorial time overlaps with scheduled lecture time
Week 7: 13 July	Lecture	Calculating impulse responses - Local projection methods, nonlinear models Pre-recorded lectures, slides and reading material to be uploaded on Moodle	Jorda -2005 "Estimation and Inference of Impulse Responses by Local Projections" - American Economic Review. Koop, Pesaran and Potter - 1996 - "Impulse response analysis in nonlinear multivariate models" - Journal of Econometrics. Problem Set II due
Week 7: 13 July	Tutorial	Tuesday 6-7.30 pm	Tutorial time overlaps with scheduled lecture time
Week 8: 20 July	Lecture	Special topics Possibly live-streamed lecture. To be confirmed in advance via announcement in Moodle	References TBD
Week 9: 27 July	Lecture	Tutorial Tuesday 6-7.30 pm	Tutorial time overlaps with scheduled lecture time
Week 10: 3 August	Lecture	No lecture	Class presentation overlapping with scheduled lecture time

8. Policies and Support

Information about UNSW Business School protocols, University policies, student responsibilities and education quality and support.

Program Learning Outcomes

The Business School places knowledge and capabilities at the core of its curriculum via seven Program Learning Outcomes (PLOs). These PLOs are systematically embedded and developed across the duration of all coursework programs in the Business School.

PLOs embody the knowledge, skills and capabilities that are taught, practised and assessed within each Business School program. They articulate what you should know and be able to do upon successful completion of your degree.

Upon graduation, you should have a high level of specialised business knowledge and capacity for responsible business thinking, underpinned by ethical professional practice. You should be able to harness, manage and communicate business information effectively and work collaboratively with others. You should be an experienced problem-solver and critical thinker, with a global perspective, cultural competence and the potential for innovative leadership.

All UNSW programs and courses are designed to assess the attainment of program and/or course level learning outcomes, as required by the UNSW Assessment Design Procedure. It is important that you become familiar with the Business School PLOs, as they constitute the framework which informs and shapes the components and assessments of the courses within your program of study.

PLO 1: Business knowledge

Students will make informed and effective selection and application of knowledge in a discipline or profession, in the contexts of local and global business.

PLO 2: Problem solving

Students will define and address business problems, and propose effective evidence-based solutions, through the application of rigorous analysis and critical thinking.

PLO 3: Business communication

Students will harness, manage and communicate business information effectively using multiple forms of communication across different channels.

PLO 4: Teamwork

Students will interact and collaborate effectively with others to achieve a common business purpose or fulfil a common business project, and reflect critically on the process and the outcomes.

PLO 5: Responsible business practice

Students will develop and be committed to responsible business thinking and approaches, which are underpinned by ethical professional practice and sustainability considerations.

PLO 6: Global and cultural competence

Students will be aware of business systems in the wider world and actively committed to recognise and respect the cultural norms, beliefs and values of others, and will apply this knowledge to interact, communicate and work effectively in diverse environments.

PLO 7: Leadership development

Students will develop the capacity to take initiative, encourage forward thinking and bring about innovation, while effectively influencing others to achieve desired results.

These PLOs relate to undergraduate and postgraduate coursework programs. Separate PLOs for honours and postgraduate research programs are included under 'Related Documents'.

Business School course outlines provide detailed information for students on how the course learning outcomes, learning activities, and assessment/s contribute to the development of Program Learning Outcomes.

UNSW Graduate Capabilities

The Business School PLOs also incorporate UNSW graduate capabilities, a set of generic abilities and skills that all students are expected to achieve by graduation. These capabilities articulate the University’s institutional values, as well as future employer expectations.

UNSW Graduate Capabilities	Business School PLOs
Scholars capable of independent and collaborative enquiry, rigorous in their analysis, critique and reflection, and able to innovate by applying their knowledge and skills to the solution of novel as well as routine problems.	PLO 1: Business knowledge PLO 2: Problem solving PLO 3: Business communication PLO 4: Teamwork PLO 7: Leadership development
Entrepreneurial leaders capable of initiating and embracing innovation and change, as well as engaging and enabling others to contribute to change	PLO 1: Business knowledge PLO 2: Problem solving PLO 3: Business communication PLO 4: Teamwork PLO 6: Global and cultural competence PLO 7: Leadership development
Professionals capable of ethical, self-directed practice and independent lifelong learning	PLO 1: Business knowledge PLO 2: Problem solving PLO 3: Business communication PLO 5: Responsible business practice
Global citizens who are culturally adept and capable of respecting diversity and acting in a socially just and responsible way.	PLO 1: Business knowledge PLO 2: Problem solving PLO 3: Business communication PLO 4: Teamwork PLO 5: Responsible business practice PLO 6: Global and cultural competence

While our programs are designed to provide coverage of all PLOs and graduate capabilities, they also provide you with a great deal of choice and flexibility. The Business School strongly advises you to choose a range of courses that assist your development against the seven PLOs and four graduate capabilities, and to keep a record of your achievements as part of your portfolio. You can use a portfolio as evidence in employment applications as well as a reference for work or further study. For support with selecting your courses contact the UNSW Business School Student Centre.

Academic Integrity and Plagiarism

Academic Integrity is honest and responsible scholarship. This form of ethical scholarship is highly valued at UNSW. Terms like Academic Integrity, misconduct, referencing, conventions, plagiarism, academic practices, citations and evidence based learning are all considered basic concepts that successful university students understand. Learning how to communicate original ideas, refer sources, work independently, and report results accurately and honestly are skills that you will be able to carry beyond your studies.

The definition of academic misconduct is broad. It covers practices such as cheating, copying and using another person’s work without appropriate acknowledgement. Incidents of academic misconduct may have serious consequences for students.

Plagiarism

UNSW regards plagiarism as a form of academic misconduct. UNSW has very strict rules regarding plagiarism. Plagiarism at UNSW is using the words or ideas of others and passing them off as your own. All Schools in the Business School have a Student Ethics Officer who will investigate incidents of plagiarism and may result in a student’s name being placed on the Plagiarism and Student Misconduct Registers.

Below are examples of plagiarism including self-plagiarism:

Copying: Using the same or very similar words to the original text or idea without acknowledging the source or using quotation marks. This includes copying materials, ideas or concepts from a book, article, report or other written document, presentation, composition, artwork, design, drawing, circuitry, computer program or software, website, internet, other electronic resource, or another person's assignment, without appropriate acknowledgement of authorship.

Inappropriate Paraphrasing: Changing a few words and phrases while mostly retaining the original structure and/or progression of ideas of the original, and information without acknowledgement. This also applies in presentations where someone paraphrases another’s ideas or words without credit and to piecing together quotes and paraphrases into a new whole, without appropriate referencing.

Collusion: Presenting work as independent work when it has been produced in whole or part in collusion with other people. Collusion includes:

Students providing their work to another student before the due date, or for the purpose of them plagiarising at any time
Paying another person to perform an academic task and passing it off as your own
Stealing or acquiring another person’s academic work and copying it
Offering to complete another person’s work or seeking payment for completing academic work

Collusion should not be confused with academic collaboration (i.e., shared contribution towards a group task).

Inappropriate Citation: Citing sources which have not been read, without acknowledging the 'secondary' source from which knowledge of them has been obtained.

Self-Plagiarism: ‘Self-plagiarism’ occurs where an author republishes their own previously written work and presents it as new findings without referencing the earlier work, either in its entirety or partially. Self-plagiarism is also referred to as 'recycling', 'duplication', or 'multiple submissions of research findings' without disclosure. In the student context, self-plagiarism includes re-using parts of, or all of, a body of work that has already been submitted for assessment without proper citation.

To see if you understand plagiarism, do this short quiz: https://student.unsw.edu.au/plagiarism-quiz

Cheating

The University also regards cheating as a form of academic misconduct. Cheating is knowingly submitting the work of others as their own and includes contract cheating (work produced by an external agent or third party that is submitted under the pretences of being a student’s original piece of work). Cheating is not acceptable at UNSW.

If you need to revise or clarify any terms associated with academic integrity you should explore the 'Working with Academic Integrity' self-paced lessons available at: https://student.unsw.edu.au/aim.

For UNSW policies, penalties, and information to help you avoid plagiarism see: https://student.unsw.edu.au/plagiarism as well as the guidelines in the online ELISE tutorials for all new UNSW students: http://subjectguides.library.unsw.edu.au/elise. For information on student conduct see: https://student.unsw.edu.au/conduct.

For information on how to acknowledge your sources and reference correctly, see: https://student.unsw.edu.au/referencing. If you are unsure what referencing style to use in this course, you should ask the lecturer in charge.

Student Responsibilities and Conduct

Students are expected to be familiar with and adhere to university policies in relation to class attendance and general conduct and behaviour, including maintaining a safe, respectful environment; and to understand their obligations in relation to workload, assessment and keeping informed.

Information and policies on these topics can be found on the 'Managing your Program' website.

Workload

It is expected that you will spend at least ten to twelve hours per week studying for a course except for Summer Term courses which have a minimum weekly workload of twenty to twenty four hours. This time should be made up of reading, research, working on exercises and problems, online activities and attending classes. In periods where you need to complete assignments or prepare for examinations, the workload may be greater. Over-commitment has been a cause of failure for many students. You should take the required workload into account when planning how to balance study with employment and other activities.

We strongly encourage you to connect with your Moodle course websites in the first week of semester. Local and international research indicates that students who engage early and often with their course website are more likely to pass their course.

View more information on expected workload

Attendance

Your regular and punctual attendance at lectures and seminars or in online learning activities is expected in this course. The Business School reserves the right to refuse final assessment to those students who attend less than 80% of scheduled classes where attendance and participation is required as part of the learning process (e.g., tutorials, flipped classroom sessions, seminars, labs, etc.).

View more information on attendance

General Conduct and Behaviour

You are expected to conduct yourself with consideration and respect for the needs of your fellow students and teaching staff. Conduct which unduly disrupts or interferes with a class, such as ringing or talking on mobile phones, is not acceptable and students may be asked to leave the class.

View more information on student conduct

Health and Safety

UNSW Policy requires each person to work safely and responsibly, in order to avoid personal injury and to protect the safety of others.

View more information on Health and Safety

Keeping Informed

You should take note of all announcements made in lectures, tutorials or on the course web site. From time to time, the University will send important announcements to your university e-mail address without providing you with a paper copy. You will be deemed to have received this information. It is also your responsibility to keep the University informed of all changes to your contact details.

Student Support and Resources

The University and the Business School provide a wide range of support services and resources for students, including:

Business School EQS Consultation Program
The Consultation Program offers academic writing, literacy and numeracy consultations, study skills, exam preparation for Business students. Services include workshops, online resources, individual and group consultations.
Level 1, Room 1035, Quadrangle Building.
BUS.EQS.Consultations@unsw.edu.au
02 9385 4508

Communication Resources
The Business School Communication and Academic Support programs provide online modules, communication workshops and additional online resources to assist you in developing your academic writing.

Business School Student Centre
The Business School Student Centre provides advice and direction on all aspects of admission, enrolment and graduation.
Level 1, Room 1028 in the Quadrangle Building
02 9385 3189

UNSW Learning & Careers Hub
The UNSW Learning & Careers Hub provides academic skills and careers support services—including workshops, individual consultations and a range of online resources—for all UNSW students. See their website for details.
Lower Ground Floor, North Wing Chancellery Building.
learningcentre@unsw.edu.au
02 9385 2060

Student Support Advisors
Student Support Advisors work with all students to promote the development of skills needed to succeed at university, whilst also providing personal support throughout the process.
John Goodsell Building, Ground Floor.
advisors@unsw.edu.au
02 9385 4734

International Student Support
The International Student Experience Unit (ISEU) is the first point of contact for international students. ISEU staff are always here to help with personalised advice and information about all aspects of university life and life in Australia.
Advisors can support you with your student visa, health and wellbeing, making friends, accommodation and academic performance.
International.student@unsw.edu.au
02 9385 4734

Equitable Learning Services
Equitable Learning Services (formerly Disability Support Services) is a free and confidential service that provides practical support to ensure that your health condition doesn't adversely affect your studies. Register with the service to receive educational adjustments.
Ground Floor, John Goodsell Building.
els@unsw.edu.au
02 9385 4734

UNSW Counselling and Psychological Services
Provides support and services if you need help with your personal life, getting your academic life back on track or just want to know how to stay safe, including free, confidential counselling.
Level 2, East Wing, Quadrangle Building.
counselling@unsw.edu.au
02 9385 5418

Library services and facilities for students
The UNSW Library offers a range of collections, services and facilities both on-campus and online.
Main Library, F21.
02 9385 2650

Moodle eLearning Support
Moodle is the University’s learning management system. You should ensure that you log into Moodle regularly.
externalteltsupport@unsw.edu.au
02 9385 3331

UNSW IT
UNSW IT provides support and services for students such as password access, email services, wireless services and technical support.
UNSW Library Annexe (Ground floor).
02 9385 1333

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Accreditation

ECON6002 Macroeconomic Theory I - 2020

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1. Course Details

Summary of Course

Teaching Times and Locations

Course Policies & Support

Course Aims and Relationship to Other Courses

Student Learning Outcomes

2. Staff Contact Details

Communication with staff

Student Enrolment Requests

3. Learning and Teaching Activities

Approach to Learning and Teaching in the Course

Learning Activities and Teaching Strategies

Lectures

Web-based Learning

Tutorials

Out-of-Class Study

4. Assessment

Formal Requirements

Assessment Structure

Assessment Summary

Problem sets

Problem set I (20%)

Problem set II (35%)

Class presentations (25%)

Final Exam (20%)

Assignment Submission Procedure

Assessment Feedback

Special Consideration

Protocol for Viewing Final Exam Scripts

Quality Assurance

5. Course Resources

6. Course Evaluation & Development

7. Course Schedule

8. Policies and Support

RELATED DOCUMENTS

UNSW Graduate Capabilities

Plagiarism

Cheating

Workload

Attendance

General Conduct and Behaviour

Health and Safety

Keeping Informed

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