ECON20020 Intermediate Macroeconomics

Academic Year 2023/2024

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).

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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 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:
ECON42430 - Macroeconomic Theory


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Continuous Assessment: Attendance and homeworks in tutorials Throughout the Trimester n/a Graded No

20

Class Test: One-hour test (Evening, out of class) Week 6 n/a Alternative linear conversion grade scale 40% No

20

Examination: Two-hour MCQ and exercises 2 hour End of Trimester Exam No Alternative linear conversion grade scale 40% No

60


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
Prachi Srivastava Tutor
Shreya Swarnakar Tutor
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 
Spring
     
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 30, 31, 32, 33 Fri 12:00 - 12:50
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Wed 13:00 - 13:50
Tutorial Offering 1 Week(s) - 22, 24, 26, 30, 32 Tues 10:00 - 10:50
Tutorial Offering 3 Week(s) - 21, 23, 25, 29, 31 Tues 11:00 - 11:50
Tutorial Offering 4 Week(s) - 21, 23, 25, 29, 31 Tues 11:00 - 11:50
Tutorial Offering 5 Week(s) - 21, 23, 25, 29, 31 Wed 10:00 - 10:50
Tutorial Offering 6 Week(s) - 21, 23, 25, 29, 31 Wed 15:00 - 15:50
Tutorial Offering 7 Week(s) - 22, 24, 26, 30, 32 Wed 10:00 - 10:50
Tutorial Offering 8 Week(s) - 21, 23, 25, 31 Fri 13:00 - 13:50
Tutorial Offering 9 Week(s) - 22, 24, 26, 30, 32 Wed 10:00 - 10:50
Tutorial Offering 13 Week(s) - 21, 23, 25, 29, 31 Tues 10:00 - 10:50
Tutorial Offering 14 Week(s) - 22, 24, 26, 30, 32 Tues 11:00 - 11:50
Tutorial Offering 15 Week(s) - 22, 24, 26, 30, 32 Tues 11:00 - 11:50
Tutorial Offering 17 Week(s) - 22, 24, 26, 30, 32 Wed 15:00 - 15:50
Tutorial Offering 20 Week(s) - 22, 24, 26, 30, 32 Fri 13:00 - 13:50
Spring