ECON1001J Principles of Macroeconomics

Academic Year 2022/2023

This module provides an introduction to macroeconomic principles. The topics covered are: national income accounting, economic growth, short-run determination of national income, money and banking, inflation, unemployment, exchanges rates and the open economy, fiscal and monetary policy. Prerequisite : This module is a prequisite for all students planning to take economics as a major at level 2 (second year). This includes (a) economics as a single subject major (b) economics as one of two subjects in a joint major programme (c) economics as a major in a major/minor combination. It is also a prequisite for ECON 2001 (Macroeconomics).
Note that no assumption is made that students have studied economics at high school.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module students should be able to: ·Develop their analytical skills through the application of macroeconomic theory to problems and case studies. ·Understand of the determinants of aggregate economic activity and the role of macroeconomic policy in stabilising the economy.

Student Effort Hours: 
Student Effort Type Hours




Approaches to Teaching and Learning:
The module is based on lectures and tutorials with in-class problem sets to be prepared by students. The module focuses on reflective learning. 
Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Continuous Assessment: Continuous Assessment Throughout the Trimester n/a Alternative linear conversion grade scale 40% No


Examination: End of trimester exam. 2 hour End of Trimester Exam No Alternative linear conversion grade scale 40% No


Carry forward of passed components
Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

In case they need further explanations, students can ask for an oral (or email) individual feedback about their result on midterm (or final) exam.

Name Role
Shreya Swarnakar Tutor
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.

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