Economics II - Macroeconomics - ECO00026I
- Department: Economics and Related Studies
- Credit value: 20 credits
- Credit level: I
-
Academic year of delivery: 2022-23
- See module specification for other years: 2023-24
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.
Indicative assessment
| Task | % of module mark |
|---|---|
| Online Exam -less than 24hrs (Centrally scheduled) | 100 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Online Exam -less than 24hrs (Centrally scheduled) | 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.