
- UCAS course code
- LL14
- UCAS institution code
- M20
Course unit details:
Macroeconomic Analysis 1
Unit code | ECON10181 |
---|---|
Credit rating | 10 |
Unit level | Level 1 |
Teaching period(s) | Semester 1 |
Offered by | School of Social Sciences |
Available as a free choice unit? | No |
Overview
The unit aims to: (i) provide an introduction to macroeconomics; (ii) cover the preparatory material for more specialist courses in economics in the second and third years; (iii) provide key employability skills, such as the ability to describe recent key macroeconomic events and global issues to a non-economist.
On completion of this unit successful students will be able to
Knowledge and Understanding: (i) have a firm grounding in introductory macroeconomic principles; (ii) be able to manipulate and perform basic analysis of economic data relating to issues of contemporary importance.
Pre/co-requisites
A-Level Mathematics (compulsory Pre-Requisite).
This course unit is for BA Econ, BSc Econ and PPE students only.
NOT available to students who have previously taken ECON10041/42 or ECON10081/82.
Aims
The unit aims to:
- Provide an introduction to macroeconomics.
- Cover the preparatory material for more specialist courses in economics in the second and third years.
- Provide key employability skills, such as the ability to describe recent key macroeconomic events and global issues to a non-economist.
Learning outcomes
On completion of this unit successful students will be able to:
- Have a firm grounding in introductory macroeconomic principles.
- Be able to manipulate and perform basic analysis of economic data relating to issues of contemporary importance.
Syllabus
- Introduction: GDP, Unemployment, Inflation
- The Goods Markets
- Financial Markets
- The IS-LM Model
- The Labour Market
- The AS-AD Model
- The Phillips Curve
-
Inflation, Money Growth and Real Rate of Interest
Teaching and learning methods
Lectures and tutorial/exercise classes, independent study, group learning and online learning.
Employability skills
- Analytical skills
- Skills of analysis, and the application of analytical models. The evaluation and critical analysis of arguments, theories and policies. Ability to synthesise and evaluate data.
- Problem solving
- Other
- Ability to independently locate and assess relevant literature, and to draw on these to develop understanding and to construct arguments. Time management and ability to work to deadlines.
Assessment methods
10% Assignments
70% Exam
20% Mid-term test
Feedback methods
- Tutorial discussion.
- Q&As.
- Office hours.
- Revision sessions.
- Ddiscussion boards.
Recommended reading
Olivier Blanchard, Alessia Amighini and Francesco Giavazzi, Macroeconomics: A European Perspective, 2 edition, Harlow: Pearson Education Limited, 2013.
Note that this textbook can be viewed online for free through the University library.
Study hours
Independent study hours | |
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Independent study | 0 |
Teaching staff
Staff member | Role |
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Xiaobing Wang | Unit coordinator |