BSc Economics / Course details

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.

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.

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.

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.

 

• 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
   

Synchronous activities (such as Lectures or Review and Q&A sessions, and tutorials), and guided self-study

 

• Tutorial discussion.
• Q&As.
• 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.
 

For every 10 course unit credits we expect students to work for around 100 hours. This time generally includes any contact times (online or face to face, recorded and live), but also independent study, work for coursework, and group work. This amount is only a guidance and individual study time will vary.