Programme/Approved Electives for 2019/20
Available as a Free Standing Elective
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.
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, 3explain economic principles that can be used to design, guide and evaluate economic policy; will be achieved by assessments: 1, 2, 3identify 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
24 hours lectures5 hours tutorials 20 hours tutorial preparation20 hours coursework preparation81 hours independent study
1: Unseen Exam weighted 60%
Description of Module Assessment
2 Hour Unseen ExaminationTwo hour, end of semester, closed-book examination which will cover the whole syllabus2: Essay weighted 30%
2000 word essayThe coursework involves writing a short answer to a specific question. The answer should include fully explained diagrams and models where appropriate3: Presentation weighted 10%
15' individual in-class presentation15' 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