Course coordinator
Dr Satoshi Tanaka
Course overview
- Study period
- Semester 2, 2025 (28/07/2025 - 22/11/2025)
- Study level
- Undergraduate
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Economics School
Principles of Keynesian and classical macroeconomics. Theories of consumption, investment, inflation.
This course covers topics in modern Macroeconomics at the advanced level and builds on the materials covered in ECON2040 (Macroeconomic Policy).ﾠ
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Course requirements
Assumed background
It is assumed that students have completed ﾠECON2040 (Macroeconomic Policy). Students should be aware that the trend in macroeconomics is towards understanding aggregate economic activity through examination of models with well-defined, consistent ‘foundations’ at the microeconomic level. Thus, students should be familiar with intermediate concepts from microeconomics. Students should also be aware that algebra and calculus (constrained optimisation, in particular) will be used extensively in this course.
Prerequisites
You'll need to complete the following courses before enrolling in this one:
ECON1050 + 2040
Recommended prerequisites
We recommend completing the following courses before enrolling in this one:
ECON2050
Course contact
School enquiries
Student Enquiries, School of Economics
All enquiries regarding student and academic administration (i.e. non-course content information, e.g., class allocation, timetables, extension to assessment due date, etc.) should be directed to enquiries@economics.uq.edu.au.
Enquiries relating specifically to course content should be directed to the Course Coordinator/Lecturer.
Course staff
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
Lectures commence in Week 1.
Tutorials commence in Week 2.
Please see the Learning Activities section of this Course Profile for the timetabling implications of public holidays.
Important Dates:
· Public Holidays: Wed 13 August (Royal Queensland Show Holiday), Mon 6 October (King’s Birthday public holiday).
· Mid-Semester Break: 29 September – 3 October. Semester 2 classes recommence on Tue 7 October.
Students should refer to the timetable prior to the commencement of classes to ensure that they have the most up to date information, as from time to time late room changes may occur.
Aims and outcomes
The aim of this course is to study key issues in macroeconomics at the advanced level. In the first half of the course, we concentrate on modern economic growth. In the second half, we study macro models to analyseﾠ business cycle fluctuations and stabililisation policies. The course aims to build a tight link between the models presented and real-world data.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Examination |
In-semester Exam
|
35% |
10/09/2025 12:00 pm
During lecture time |
| Tutorial/ Problem Set | Assignment | 15% |
22/10/2025 4:00 pm |
| Examination |
End-of-semester Exam
|
50% |
End of Semester Exam Period 8/11/2025 - 22/11/2025 |
Assessment details
In-semester Exam
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 35%
- Due date
10/09/2025 12:00 pm
During lecture time
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
- The in-semester exam will cover all topics between week 1 and 6 (inclusive) and will consist of short answer and problem solving questions.
- This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) or Machine Translation (MT) tools will not be permitted. Any attempted use of AI or MT may constitute student misconduct under the Student Code of Conduct.
Exam details
| Planning time | no planning time minutes |
|---|---|
| Duration | 90 minutes |
| Calculator options | (In person) Casio FX82 series only or UQ approved and labelled calculator |
| Open/closed book | Closed book examination - specified written materials permitted |
| Materials | One A4 sheet of handwritten notes, double sided, is permitted |
| Exam platform | Paper based |
| Invigilation | Invigilated in person |
Submission guidelines
Deferral or extension
You may be able to defer this exam.
Assignment
- Mode
- Written
- Category
- Tutorial/ Problem Set
- Weight
- 15%
- Due date
22/10/2025 4:00 pm
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
- The assignment consists of various questions that assess the understanding and the ability to apply the concepts and models studied in class. Collection, presentation and interpretation of macroeconomic data may be required.
- The assignment will consist of short answers, problem-solving, and data analysis.
- The questions will be posted 3 weeks prior to the submission due date.
- Artificial Intelligence (AI) and Machine Translation (MT) are emerging tools that may support students in completing this assessment task. Students may appropriately use AI and/or MT in completing this assessment task. Students must clearly reference any use of AI or MT in each instance. A failure to reference generative AI or MT use may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
Submission using Turnitin via the course Blackboard site.
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 14 days. Extensions are given in multiples of 24 hours.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
End-of-semester Exam
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 50%
- Due date
End of Semester Exam Period
8/11/2025 - 22/11/2025
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
- This will be a 120 minute final exam, plus additional 10 minutes reading time.
- The final exam will cover all the topics in the semester and will consist of MCQ, short answers, and problem solving questions.
- The details of the exam will be posted on the Blackboard during the semester.
- This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) or Machine Translation (MT) tools will not be permitted. Any attempted use of AI or MT may constitute student misconduct under the Student Code of Conduct.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 120 minutes |
| Calculator options | (In person) Casio FX82 series only or UQ approved and labelled calculator |
| Open/closed book | Closed book examination - specified written materials permitted |
| Materials | One A4 sheet of handwritten notes, double sided, is permitted |
| Exam platform | Paper based |
| Invigilation | Invigilated in person |
Submission guidelines
Deferral or extension
You may be able to defer this exam.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
| Grade | Cut off Percent | Description |
|---|---|---|
| 1 (Low Fail) | 0% - 29% |
Absence of evidence of achievement of course learning outcomes. |
| 2 (Fail) | 30% - 46% |
Minimal evidence of achievement of course learning outcomes. |
| 3 (Marginal Fail) | 47% - 49% |
Demonstrated evidence of developing achievement of course learning outcomes |
| 4 (Pass) | 50% - 64% |
Demonstrated evidence of functional achievement of course learning outcomes. |
| 5 (Credit) | 65% - 74% |
Demonstrated evidence of proficient achievement of course learning outcomes. |
| 6 (Distinction) | 75% - 84% |
Demonstrated evidence of advanced achievement of course learning outcomes. |
| 7 (High Distinction) | 85% - 100% |
Demonstrated evidence of exceptional achievement of course learning outcomes. |
Additional course grading information
A student’s final overall end of semester percentage mark will be rounded to determine their final grade. For example, 64.5% rounds to 65%, while 64.4% rounds to 64%.
Supplementary assessment
Supplementary assessment is available for this course.
Additional assessment information
Using AI at UQ
Visit the AI Student Hub for essential information on understanding and using Artificial Intelligence in your studies responsibly.
Plagiarism
The School of Economics is committed to reducing the incidence of plagiarism. You are encouraged to read the UQ Student Integrity and Misconduct Policy available in the Policies and Procedures section of this course profile.
The Academic Integrity Module (AIM) outlines your obligations and responsibilities as a UQ student. It is compulsory for all new to UQ students to complete the AIM.
Learning resources
You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.
Library resources
Library resources are available on the UQ Library website.
Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
Filter activity type by
Please select
| Learning period | Activity type | Topic |
|---|---|---|
Week 1 (28 Jul - 03 Aug) |
Lecture |
L1 Introduction to the long run. Learning outcomes: L01, L02, L04 |
Week 2 (04 Aug - 10 Aug) |
Lecture |
L2 Long run: Economic growth. Learning outcomes: L01, L02, L03, L04 |
Tutorial |
T1 Tutorial on L1. Questions uploaded in BB. Learning outcomes: L01, L02, L04 |
|
Week 3 (11 Aug - 17 Aug) |
No student involvement (Breaks, information) |
L3 Aug Ekka - Public Holiday Learning outcomes: L01, L02, L03, L04 |
No student involvement (Breaks, information) |
T2 Aug Ekka - Public Holiday Learning outcomes: L01, L02, L03, L04 |
|
Week 4 (18 Aug - 24 Aug) |
Lecture |
L4 Long run: Economic growth, overlapping generations. Learning outcomes: L01, L02, L03, L04 |
Tutorial |
T3 Questions uploaded in BB. Learning outcomes: L01, L02, L03, L04, L05 |
|
Week 5 (25 Aug - 31 Aug) |
Lecture |
L5 Long run: Economic growth, overlapping generations. Learning outcomes: L01, L02, L03, L04, L05 |
Tutorial |
T4 Tutorial on L4. Questions uploaded in BB. Learning outcomes: L01, L02, L03, L04, L05 |
|
Week 6 (01 Sep - 07 Sep) |
Lecture |
L6 Long run: Economic growth, overlapping generations. Learning outcomes: L01, L02, L03, L04, L05 |
Tutorial |
T5 Tutorial on L5. Questions uploaded in BB. Learning outcomes: L01, L02, L03, L04, L05 |
|
Week 7 (08 Sep - 14 Sep) |
Lecture |
In-semester Exam The in-semester exam will cover all topics between lectures 1 and 5 (inclusive) and will consist of short answer and problem solving questions. Learning outcomes: L01, L02, L03, L04, L05 |
Tutorial |
T6 Tutorial on L6. Questions uploaded in BB. Learning outcomes: L01, L02, L03, L04, L05 |
|
Week 8 (15 Sep - 21 Sep) |
Lecture |
L7 Short run: New Keynesian Model Learning outcomes: L01, L02, L03, L04, L05 |
Tutorial |
T7 Learning outcomes: L01, L02, L03, L04, L05 |
|
Week 9 (22 Sep - 28 Sep) |
Lecture |
L8 Short run: New Keynesian Model Learning outcomes: L01, L02, L03, L04, L05 |
Tutorial |
T8 Tutorial on L7. Questions uploaded in BB. Learning outcomes: L01, L02, L03, L04, L05 |
|
Mid Sem break (29 Sep - 05 Oct) |
No student involvement (Breaks, information) |
No classes this week. |
Week 10 (06 Oct - 12 Oct) |
Lecture |
L9 Short run: New Keynesian Model Learning outcomes: L01, L02, L03, L04, L05 |
Tutorial |
T9 Tutorial on Lecture 8. Questions uploaded to BB. Learning outcomes: L01, L02, L03, L04, L05 |
|
Week 11 (13 Oct - 19 Oct) |
Lecture |
L10 Short run: New Keynesian Model, monetary and fiscal policies Learning outcomes: L01, L02, L03, L04, L05 |
Tutorial |
T10 Tutorial on Lecture 9. Questions uploaded to BB. Learning outcomes: L01, L02, L03, L04, L05 |
|
Week 12 (20 Oct - 26 Oct) |
Lecture |
L11 Short run: New Keynesian Model, monetary and fiscal policies Learning outcomes: L01, L02, L03, L04, L05 |
Tutorial |
T11 Tutorial on Lecture 10. Questions uploaded to BB. Learning outcomes: L01, L02, L03, L04, L05 |
|
Week 13 (27 Oct - 02 Nov) |
Lecture |
L12 Review lecture Learning outcomes: L01, L02, L03, L04, L05 |
Tutorial |
T12 Tutorial on Lecture 11. Questions uploaded to BB. Learning outcomes: L01, L02, L03, L04, L05 |
Policies and procedures
University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:
- Student Code of Conduct Policy
- Student Integrity and Misconduct Policy and Procedure
- Assessment Procedure
- Examinations Procedure
- Reasonable Adjustments for Students Policy and Procedure
Learn more about UQ policies on my.UQ and the Policy and Procedure Library.