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ECON20020

Academic Year 2024/2025

Intermediate Macroeconomics (ECON20020)

Subject:
Economics
College:
Social Sciences & Law
School:
Economics
Level:
2 (Intermediate)
Credits:
5
Module Coordinator:
Dr Ivan Pastine
Trimester:
Spring
Mode of Delivery:
On Campus
Internship Module:
No
How will I be graded?
Letter grades

Curricular information is subject to change.

The focus of this module is on developing macroeconomic models that enable us to understand issues relating to stabilisation policy. The famous IS-LM model is introduced and used to analyse monetary and fiscal policies, with a particular focus on the small open economy. The course will build on the Principles of Macroeconomics module (ECON 10020).

About this Module

Learning Outcomes:

On successful completion of this module, students should be able to understand the main problems facing governments and central banks in pursuing macroeconomic policy objectives, with particular reference to achieving a level of economic activity that maximizes employment and at the same time achieves a low rate of inflation.

Indicative Module Content:

AS-AD model and stabilization policies
Theories of consumption and life cycle model
Phillips curve, monetary policy and credibility
Barro-Gordon model
Open economy and Mundell-Fleming model

Student Effort Hours:
Student Effort Type Hours
Lectures

24

Tutorial

5

Autonomous Student Learning

80

Total

109


Approaches to Teaching and Learning:
Lecture in class: 2 hours per week
Enquiry & problem-based learning: Tutorials with assessment. The students need to give the solution of the tutorials in advance and they will be graded on them. During the tutorial, they will be provided feedback on their answers.
Debates and case-based learning: Students will be presented with real economic examples and they will be asked to debate on whether the models described in class can explain those examples.

Requirements, Exclusions and Recommendations
Learning Recommendations:

Students should have completed an introductory Macroeconomics module, such as ECON 10020, or equivalent.


Module Requisites and Incompatibles
Incompatibles:
ECON2002J - Intermediate Macroeconomics, ECON42430 - Macroeconomic Theory


 

Assessment Strategy  
Description Timing Component Scale Must Pass Component % of Final Grade In Module Component Repeat Offered

Not yet recorded.


Carry forward of passed components
No
 

Resit In Terminal Exam
Summer Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Online automated feedback

How will my Feedback be Delivered?

The students will receive group feedback after they deliver their assessment for the tutorials through their tutors and based on their assessment. This will happen five times during the semester.

Name Role
Assoc Professor Alessia Paccagnini Lecturer / Co-Lecturer
Sam Deegan Tutor
Shreya Swarnakar Tutor