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Economics II - Macroeconomics - ECO00026I

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  • Department: Economics and Related Studies
  • Module co-ordinator: Dr. Joao Madeira
  • Credit value: 20 credits
  • Credit level: I
  • Academic year of delivery: 2022-23

Module will run

Occurrence Teaching period
A Spring Term 2022-23 to Summer Term 2022-23

Module aims

To further develop students understanding of intermediate macroeconomic analysis. The module will provide students the ability to use macroeconomic theory to understand and interpret macroeconomic events.

Module learning outcomes

Students will be able to assess critically a variety of macroeconomic issues. Among which:


Medium run models of the macroeconomy (including the Phillips curve)

Long run models of the macroeconomy (including the Solow growth model)

The role of expectations in financial markets, households, firms and policy makers

The European Monetary Union and the financial crisis

Monetary and Fiscal policy rules


The emphasis throughout the unit is on using theory to explain current and past macroeconomic problems. The module assumes prior knowledge of short run macroeconomic models (IS-LM). The exposition is mainly diagrammatic but at times uses simple algebra and a certain amount of differential calculus.


Task Length % of module mark
Online Exam -less than 24hrs (Centrally scheduled)
Economics II - Macroeconomics
3 hours 100

Special assessment rules



Task Length % of module mark
Online Exam -less than 24hrs (Centrally scheduled)
Economics II - Macroeconomics
3 hours 100

Module feedback

The short answer question sets will be distributed through the year reasonably evenly. These will be set through the VLE and marked electronically. A score out of a 100 for each question set will be given instantly. For each of these question sets, answers are submitted prior to a known deadline, and as soon as this deadline is passed detailed worked solutions to the question sets will also be provided. In addition to this feedback, there will be discussion of practice questions during seminars and students can if desired seek further individualized feedback during office hours

Indicative reading

Blanchard, O., Amighini, A., and Giavazzi, F. (2013). Macroeconomics: A European Perspective. 2nd ed. Pearson.

The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.