Course overview
This course introduces students to the core tools and themes of open-economy business-cycle theory. The objectives of the course are to enable students to: i) critically evaluate the relevant models and empirical works in open-economy macroeconomics, and ii) apply these analytical tools themselves to investigate topical issues in international macroeconomics.
Course learning outcomes
- Compute, describe and interpret business-cycle stylized facts around the world.
- Build and solve analytically simple theoretical equilibrium models of the current account.
- Build and solve numerically more complex Dynamic Stochastic General Equilibrium (DSGE) models of Small-Open Economies.
- Specify, estimate and identify empirical time series models (Structural Vector Auto-Regressions).
- Use the SVAR models as an empirical benchmark to evaluate theoretical (DSGE) models.
- Apply DSGE and SVAR models to a range of topical and policy relevant issues in open economy macroeconomics.
Fee calculator
To display course fees, please select your status and program below:
We’re updating this Fee Calculator. It currently shows fees for programs only. Please check the relevant program for full fee details.
Study Abroad student tuition fees are available here.
Only some Postgraduate Coursework programs are available as Commonwealth Supported. Please check your program for specific fee information.
The Student Contribution amount displayed below is for students commencing a new program from 2021 onwards. If you are continuing in a program you commenced prior to 1 January 2021, or are commencing an Honours degree relating to an undergraduate degree you commenced prior to 1 January 2021, you may be charged a different Student Contribution amount from the amount displayed below. Please check the Student Contribution bands for continuing students here. If you are an international student, or a domestic student studying in a full fee paying place, and are continuing study that you commenced in 2025 or earlier, your fees will be available here before enrolments open for 2026.