ECO-30033 - Dynamic Macroeconomics
Coordinator: Christopher Tsoukis Tel: +44 1782 7 33101
Lecture Time: See Timetable...
Level: Level 6
Credits: 15
Study Hours: 150
School Office: 01782 733094

Programme/Approved Electives for 2019/20

None

Available as a Free Standing Elective

No

Co-requisites

None

Prerequisites

None

Barred Combinations

None


Description for 2019/20

This module is designed to provide students with an understanding of advanced macroeconomic theories, analytical approaches and empirical evidence and their implications for macroeconomic policy. These ideas will be developed in the context of key macroeconomic policy problems such as the business cycles and effectiveness of stabilization policy, the time inconsistency problem and its implications for monetary policy in its quest for low inflation, unemployment and the appropriate labour market institutional features, the effectiveness of fiscal policy and the constraints faced when sound public finances are to be maintained, and the questions related to and the main theoretical approaches to long-term growth of output and living standards.

Aims
Module will analyse the significance of macroeconomic dynamics and their implications for macroeconomic modelling and policy formulation.

Intended Learning Outcomes

recognise, interpret and evaluate theories, concepts and empirical research at the forefront of macroeconomics; will be achieved by assessments: 1, 2, 3
explain economic principles that can be used to design, guide and evaluate economic policy; will be achieved by assessments: 1, 2, 3
identify key macroeconomic phenomena in need analysis and become critically familiar with a variety of theoretical approaches, models and analytical methods that have been proposed as explanations of these phenomena. will be achieved by assessments: 1, 2, 3

Study hours

24 hours lectures
5 hours tutorials
20 hours tutorial preparation
20 hours coursework preparation
81 hours independent study


School Rules

None

Description of Module Assessment

1: Unseen Exam weighted 60%
2 Hour Unseen Examination
Two hour, end of semester, closed-book examination which will cover the whole syllabus

2: Essay weighted 30%
2000 word essay
The coursework involves writing a short answer to a specific question. The answer should include fully explained diagrams and models where appropriate

3: Presentation weighted 10%
15' individual in-class presentation
15' individual in-class presentation with artifacts (printout of slides); a list of topics will be suggested by the lecturer at the beginning of the Semester and a programme of presentations will be agreed with the tutorial participants