macroeconomics - Economics Students Society of Australia

macroeconomics

A collection of 11 posts

The Politics of Growth: How Institutions Shape Our World

The Politics of Growth: How Institutions Shape Our World

The world has been permanently changed ever since the inception of the Industrial Revolution in 1760, the main consequence being an era of ‘modern economic growth’. This new age has been characterised through an increase in life expectancy, population explosion, rapid urbanisation, dynamic labour markets and rising per capita income

The development of monetary policy - Part 2

The development of monetary policy - Part 2

Phillips curve critique The 1970s stagflation crisis has since been illustrated as a fatal blow to the Phillips curve. The Phillips curve could no longer guarantee a perfectly inverse relation between unemployment and inflation, and thus, the impotence of monetary policy. The major critique of the Phillips curve was by

The story of the real Australian economy

australian economy

The story of the real Australian economy

In a four part series titled ‘The Story of the Real Australian Economy’, Benjamin Wee seeks to tell the narrative of Australia’s current economic position and the issues facing the country in a seemingly uncertain future. The series will analyse the structural makeup of the economy and the detail

Federal Budget 2014: higher education

australian politics

Federal Budget 2014: higher education

The Federal Budget contained three main areas of proposed legislative change that will directly affect students: tertiary funding adjustments, HELP debt alterations and student welfare/equity policies.

Rogoff & Reinhart - Excel, Austerity and #StatsFAIL

Rogoff & Reinhart - Excel, Austerity and #StatsFAIL

When I first learnt via the Twittersphere that something known as Rogoff & Reinhart had been called into question over its methodological inconsistencies, it seemed to be just another instance of quibbling economists – unique only in that instead of occupying the corridors and libraries of universities, it was permeating my Twitter

Coursera: Principles of Macroeconomics with Nilss Olekalns

Coursera: Principles of Macroeconomics with Nilss Olekalns

ESSA is proud to announce the launch of The University of Melbourne’s first free online course Principles of Macroeconomics through education provider Coursera. The subject will be taught by Nilss Olekalns, Deputy Dean of the Faculty of Business and Economics and ESSA Board of Advisors. To coincide with the

The World this week with ESSA

american election

The World this week with ESSA

This week: Mitt Romeny and Obama are probably the two most talked about people in the world right now so we are jumping on the bandwagon. Also why you shouldn’t date Economist but you should pay your taxes. ESSA, 28 October 2012 Around the world A slow convalescence under

Wealth, Happiness, Heartening Banalities

Wealth, Happiness, Heartening Banalities

It’s once again approaching the end of the academic year and to offset the inevitable onset of melancholy associated with plugging away at too many practice exams I thought it’d be a good idea to try and finish on a note of relative cheerfulness. The relationship between a

The World this week with ESSA

The World this week with ESSA

Hand picked selection of economics content from around the web. This week: Austerity is supposed to reduce debt and stabilise recessions – but has it worked? Also why Australia’s macro policies have been successful, and the case for legalising prostitution. ESSA, 14 October 2012 Around the world Japan and South

The World this week with ESSA

central banking

The World this week with ESSA

The world this week with ESSA Hand picked selection of economics content from around the web. This week: A look at the US Job market, the Australian working age and a comparison of global finance with Ponzi Schemes in the Global Economy. Also, the economics of video games. ESSA, 30

My Perspective: Day 2 - Australian Conference of Economists 2012

My Perspective: Day 2 - Australian Conference of Economists 2012

Day 2 of the ACE Conference started with a keynote speech from Professor John Quiggin of University of Queensland on the conference’s main theme ‘The future of economics: research, policy and relevance’. Quinn took a “glass-half-empty” view on the future of the economics field, arguing that there was a