ECO-10029 - Introductory Macroeconomics
Coordinator: Dimitrios Syrrakos
Lecture Time: See Timetable...
Level: Level 4
Credits: 15
Study Hours: 150
School Office: 01782 733094

Programme/Approved Electives for 2024/25

None

Available as a Free Standing Elective

No

Co-requisites

None

Prerequisites

None

Barred Combinations

None


Description for 2024/25

Macroeconomics is concerned with and seeks to explain the developments we observe in the economy as a whole and the regularities of aggregate behaviour. This module will introduce students to the key concepts of national income accounting and measures of economic activity that macroeconomists utilise when discussing these developments. The module will subsequently examine the role of the real and financial sectors and government policies in determining aggregate output, employment and the price level/inflation. To this end, we develop the key work-horse models of IS-LM and AD-AS and use them to analyse the effects of government policies, productivity, oil prices, and exogenous demand shocks.

Aims
This module aims to introduce the key domestic macro-economic objectives namely growth, inflation, unemployment and exchange rate stability via analysis and applications with an emphasis on assessing the UK economy within its international context.

Talis Aspire Reading List
Any reading lists will be provided by the start of the course.
http://lists.lib.keele.ac.uk/modules/eco-10029/lists

Intended Learning Outcomes

Appreciate the role of macroeconomics in understanding current economic challenges: 1
Apply macroeconomic analysis to real world situations and critique policy: 1
Assess the role of institutions in setting fiscal and monetary policy: 1
Evaluate the effectiveness of contemporary economic theories: 1
Evaluate the UK macroeconomic performance in an international context: 1

Study hours

18 hours lectures
6 hours tutorials
124 hours independent study
2 hour multiple choice test

School Rules

The module has no prerequisites. In particular, we do not assume any prior knowledge of economics or mathematics beyond GCSE grade C.

Description of Module Assessment

1: Multiple Choice Questions - Knowledge weighted 100%
2 Hour Multiple Choice Test
The multiple-choice Exam consists of 40 multiple choice questions. The questions combine 'YES/NO' answers and 'choose one answer from the following four'. There is only one correct answer for each question. Students should answer all questions. All answers carry equal weight (2.5 percent) towards the final grade. All topics in the module are assessed in the Exam.