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BAEcon Development Studies and Social Statistics / Course details
Year of entry: 2021
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Course unit details:
Macroeconomic Analysis 1
|Unit level||Level 1|
|Teaching period(s)||Semester 1|
|Offered by||School of Social Sciences|
|Available as a free choice unit?||No|
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.
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.
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.
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.
- 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.
- 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
- 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.
20% Mid-term test
- Tutorial discussion.
- Office hours.
- Revision sessions.
- Ddiscussion boards.
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.
|Independent study hours|
|Xiaobing Wang||Unit coordinator|