MA Political Economy (Standard Route) / Course details

Year of entry: 2021

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Course unit details:
Macroeconomic Analysis

Unit code ECON60111
Credit rating 15
Unit level FHEQ level 7 – master's degree or fourth year of an integrated master's degree
Teaching period(s) Semester 1
Offered by Economics
Available as a free choice unit? Yes


The aim of this course is to introduce students to the models and methods that form the core of modern macroeconomics.


Learning outcomes

At the end of this course, students should be able to demonstrate an understanding (including relevant policy applications) in macroeconomic topics such as economic growth, business cycles, consumption and savings, labour markets, inflation, monetary policy, and fiscal policy. 



Topics expected to be covered:


  • Solow Growth Model
  • Ramsey-Cass-Koopmans Model
  • Endogenous Growth
  • Real Business Cycle Model
  • Consumption Dynamics
  • Unemployment Theories
  • New Keynesian Model
  • Inflation and Monetary Policy
  • Budget Deficits and Fiscal Policy


Teaching and learning methods

Lectures and Tutorials

Assessment methods

Method Weight
Other 30%
Written exam 70%

70% Final Exam in January 2021 and 30% Mid term test.

Recommended reading

Main textbook:              

David Romer, Advanced Macroeconomics, 5th edition, McGraw-Hill Education, 2019 (ISBN 1260185214)

Other textbooks:

Lars Ljungqvist and Thomas J. Sargent, Recursive Macroeconomic Theory, 4th Edition, MIT Press, 2018 (ISBN 0262038668)


Study hours

Scheduled activity hours
Lectures 18
Tutorials 8
Independent study hours
Independent study 124

Teaching staff

Staff member Role
Patrick Macnamara Unit coordinator

Additional notes


Lecture - Thursday 11 - 1pm

Tutorial 1 - Tuesday 9 - 10am

Tutorial 2 - Tuesday 10 - 11am

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