MA Economics

Year of entry: 2023

Course unit details:
Macroeconomics

Course unit fact file
Unit code ECON60411
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

Overview

The unit aims to introduce students to key concepts, methodologies, theories and techniques in modern macroeconomic analysis. Particular emphasis is placed on the modeling techniques of some of the most recent theoretical models used widely in the analysis of economic growth, consumption, and investment. As a bonus, it will also cover crime and its effects on economic growth.

 

Pre/co-requisites

Students must demonstrate an appropriate quantitative background

Aims

The unit aims to introduce students to key concepts, methodologies, theories and techniques in modern macroeconomic analysis. Particular emphasis is placed on the modeling techniques of some of the most recent theoretical models used widely in the analysis of economic growth, consumption, and investment. As a bonus, it will also cover crime and its effects on economic growth.

 

Learning outcomes

At the end of this course students should be able to

(i) know of the major issues as they arise in the field of macroeconomics,

(ii) understand alternative approaches to modeling economic growth, consumption, and investment,

(iii) critically evaluate the usefulness of macroeconomic techniques, and

(iv) develop models of their own from which to derive original results and policy implications

Syllabus

 

I. General Introductory Readings on Macroeconomics

II. Growth Models

1. Solow growth model

2. Augmented Solow model

3. Ramsey model: Infinite horizons

4. Diamond model: Overlapping generations

5. Endogenous growth models

III. Consumption

IV. Investment

V. Crime

 

 

Teaching and learning methods

Lecture and Tutorial

Assessment methods

Method Weight
Other 20%
Written exam 80%

Midterm Test - 20%

Final Exam - 80%

 

Recommended reading

Basic Text:

Romer, David, 2006. Advanced Macroeconomics, 3rd edition, McGraw-Hill (or any other edition since).

Study hours

Scheduled activity hours
Lectures 20
Tutorials 5
Independent study hours
Independent study 125

Teaching staff

Staff member Role
Kyriakos Neanidis Unit coordinator

Additional notes

 

 

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