- UCAS course code
- NN43
- UCAS institution code
- M20
Bachelor of Arts (BAEcon)
BAEcon Accounting and Finance
- Typical A-level offer: AAA including specific subjects
- Typical contextual A-level offer: ABB including specific subjects
- Refugee/care-experienced offer: BBB including specific subjects
- Typical International Baccalaureate offer: 36 points overall with 6,6,6 at HL, including specific requirements
Fees and funding
Fees
Tuition fees for home students commencing their studies in September 2025 will be £9,535 per annum (subject to Parliamentary approval). Tuition fees for international students will be £31,500 per annum. For general information please see the undergraduate finance pages.
Policy on additional costs
All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).
Scholarships/sponsorships
Scholarships and bursaries, including the Manchester Bursary , are available to eligible home/EU students.
Some undergraduate UK students will receive bursaries of up to £2,000 per year, in addition to the government package of maintenance grants.
You can get information and advice on student finance to help you manage your money.
Course unit details:
Macroeconomics 2
Unit code | ECON10262 |
---|---|
Credit rating | 10 |
Unit level | Level 1 |
Teaching period(s) | Semester 2 |
Available as a free choice unit? | Yes |
Overview
This course provides an introduction to long run macroeconomic issues such as why some countries are so much poorer than other, what drives savings, investment and innovation in the long run. In addition, we will also study the factors that determine unemployment and inflation in the long run. The course keeps a tight connection between economic models and data, a significant feature of modern macroeconomics. To analyse the macroeconomy, we must analyse current data and real-world situations, then apply this knowledge using models and equations. The course provides the necessary tools to analyse long run macroeconomic questions.
Pre/co-requisites
Unit title | Unit code | Requirement type | Description |
---|---|---|---|
Introductory Mathematics | ECON10061 | Pre-Requisite | Compulsory |
Introductory Statistics for Economists | SOST10062 | Co-Requisite | Compulsory |
Advanced Mathematics | ECON10071A | Pre-Requisite | Compulsory |
Advanced Statistics | ECON10072A | Co-Requisite | Compulsory |
Macroeconomics 1 | ECON10241 | Pre-Requisite | Compulsory |
ECON10241 AND (ECON10061 OR ECON10071) AND Co-requisite (SOST10062 OR ECON10072)
Aims
The aims of this course are:
1. To provide a self-contained introduction to long-run macroeconomics including long run economic growth, unemployment and inflation for general social scientists.
2. To cover the preparatory material for more specialist courses in economics in the second and third years.
Learning outcomes
• Demonstrate knowledge of measuring economic growth and the major issues of long-run economic growth.
• Understand the concept of modelling economic growth and how different modelling approaches contribute to our understanding of the growth process.
• Understand how the economics of ideas as the engine of growth necessarily leads to imperfect competition between firms and create monopolies.
• Understand why some countries are so much richer than others, and why some countries like China are growing much faster than others and for how long.
• Demonstrate knowledge of the major issues of long-term unemployment and inflation.
• Demonstrate a detailed understanding of the factors that determine long-term unemployment.
• Understand the quantity theory of money as the long-term determinant of inflation and the fiscal causes of high inflation.
Syllabus
Provisional
- Introduction to Macroeconomics/Measuring the Macroeconomy. How macroeconomics studies key questions. How GDP is measured. How to use GDP to measure the evolution of living standards within country over time, and across countries. Alternative measures of living standards.
- An Overview of Long Run Economic Growth. Some facts of economic growth including it is a relatively recent phenomenon from a historical point of view. How economic growth dramatically improved welfare around the world.
- A Model of Production. How to set up a macroeconomic model. How a production function help us to understand the differences in per capita GDP across countries. How to look at economic data through the lens of macroeconomic models.
- The Solow Growth Model. How capital accumulates over time helping us to understand economic growth. The role of diminishing returns to capital in explaining differences in growth rates across countries. The limitations of capital accumulation.
- Growth and Ideas. Why new ideas - new ways of using existing resources - are key to sustained long-run growth. Why "non-rivalry" makes ideas different from other economic goods in a crucial way. How the economics of ideas leads to monopolies. A new model of economic growth: the Romer model.
- The Labour Market, Wages, and Unemployment. How basic supply-and-demand model helps us to understand the labour market. How labour market distortions like taxes and firing costs affect employment in the long-run. How to value your own human capital. A key fact: return to university education increased enormously over the past half century.
- Inflation. What inflation is and how costly it can be. How the quantity theory of money allow us to understand where inflation comes from. How nominal and real interest rates are related. The important link between fiscal policy and high inflation.
Teaching and learning methods
Synchronous activities (such as Lectures or Review and Q&A sessions, and tutorials), and guided self-study
Employability skills
- Analytical skills
- To provide a detailed and qualified economic perspective on economic growth in the UK and elsewhere from the perspective of a global interdependent world. The ability to provide critical analysis of policies that affect economic growth and cross-country income differences. The ability to provide critical analysis of policies that affect unemployment and inflation in the long run. To use models to interpret economic data.
Assessment methods
Summative Assessment (assessment that contributes to your grade)
75% Exam
Past exam papers are not available. You will be provided with a Mock Exam paper which has an identical structure with similar questions to that of the final exam.
25% Mid-term test
The mid-term exam covers the material of the first four weeks. It consists of 30 multiple choice questions chosen randomly froma large pool of questions which are similar to the tutorial questions. Thus, each exam is different but similar in terms of difficulty and scope.
Feedback methods
- Mock exam.
- Online quizzes on Blackboard.
- Tutorial feedback.
- Drop-in sessions.
- Discussion boards.
Recommended reading
Charles Jones, Macroeconomics, 5th edition (Chapters 1-8).
Teaching staff
Staff member | Role |
---|---|
Kyriakos Neanidis | Unit coordinator |
Additional notes
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.