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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 |
Aims
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.
Syllabus
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
Timetable
Lecture - Thursday 11 - 1pm
Tutorial 1 - Tuesday 9 - 10am
Tutorial 2 - Tuesday 10 - 11am