ECON20020

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 maximises employment and at the same time achieves a low rate of inflation.

Indicative Module Content:

Core Topics:

1) Fiscal and monetary policies in the IS-LM and AS-AD models
2) Theories of consumption and the life-cycle model
3) The Phillips curve, monetary policy, and credibility
4) The Barro-Gordon model
5) Open economy dynamics and the Mundell-Fleming model

Student Effort Hours:

Approaches to Teaching and Learning:

Lecture in class: 2 hours per week

Enquiry and 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

 

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.

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.