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MA Economics

Year of entry: 2021

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Course unit details:

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




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



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 with a weight of 20% of the final mark.

2-hour examination in January with a weight of 80% of the final mark.

Recommended reading

Basic text:

Romer, David, 2006. Advanced Macroeconomics, 3rd edition, McGraw-Hill.

Study hours

Scheduled activity hours
Lectures 20
Tutorials 4
Independent study hours
Independent study 126

Teaching staff

Staff member Role
Kyriakos Neanidis Unit coordinator

Additional notes

MA Economics module

Pre-requisite: Students must demonstrate an appropriate quantitative background


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