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BAEcon Development Studies and Social Statistics

Year of entry: 2021

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

ECON10181 Macroeconomic Analysis 1 Pre-requisite: A Level Maths

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:

  1. Provide an introduction to macroeconomics.
  2. Cover the preparatory material for more specialist courses in economics in the second and third years.
  3. 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:

  1. Have a firm grounding in introductory macroeconomic principles.
  2. 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
Independent study 0

Teaching staff

Staff member Role
Xiaobing Wang Unit coordinator

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