ECON10760 Macroeconomics for Business

Academic Year 2023/2024

Macroeconomics is “big picture”economics. It looks at the economy as a whole and examines how it is performing. In this module, we introduce students to measuring the key macroeconomic variables such as GDP, inflation and unemployment. We explore what determines whether economies experience booms and recessions and the factors that influence unemployment and inflation. We also examine how the government should influence the economy via fiscal policy (decisions about public spending and taxation) and monetary policy (decisions about money creation and interest rates made by a central bank). We also look at longer term trends in living standards and the factors that drive these trends. No assumption is made that students have previously studied economics.

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Curricular information is subject to change

Learning Outcomes:

On successful completion of this module, students should be able to understand the main problems facing governments and central banks in managing the economy and will be prepared for the more advanced analysis presented in subsequent modules.

Indicative Module Content:

Topics covered include:
Economic growth and living standards
Productivity
Recessions and expansions
Unemployment
Inflation
Economic interdependence among nations

Student Effort Hours: 
Student Effort Type Hours
Autonomous Student Learning

80
Lectures

36
Total

116
Approaches to Teaching and Learning:
The course will be delivered through a series lectures which will also be available in video format. Students will also attend tutorials which will focus on problem solving. 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Incompatibles:
ECON10010 - Principles of Microeconomics, ECON10020 - Principles of Macroeconomics, ECON10770 - Introduction to Economics


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Final Exam 2 hour End of Trimester Exam No Alternative linear conversion grade scale 40% No

45
Continuous Assessment: Peer reviewed essays Throughout the Trimester n/a Alternative linear conversion grade scale 40% No

20
Multiple Choice Questionnaire: MCQ Mid-term Week 7 n/a Alternative linear conversion grade scale 40% No

35

Carry forward of passed components
Yes
 
Resit In Terminal Exam
Spring No
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Group/class feedback, post-assessment
• Online automated feedback

How will my Feedback be Delivered?

Any student who wishes feedback on his/her performance is welcome to meet me on a confidential basis during office hours.

Name Role
Dr Lucy Liu Lecturer / Co-Lecturer
Sam Deegan Tutor
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 
Autumn
      
Lecture Offering 1 Week(s) - 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Thurs 15:00 - 16:50
Lecture Offering 1 Week(s) - 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Tues 15:00 - 15:50
Autumn