ECON30120 Advanced Macroeconomics

Academic Year 2022/2023

This module will focus on a range of different topics in macroeconomics. The module will be taught in three parts. The first part will expand on traditional IS-LM analysis to cover monetary policy rules, inflation expectations and the liquidity trap. The second part will describe a number of topics related to the theory of rational expectations. For example, we discuss whether financial markets price assets accurately or whether they are excessively volatile, how people react to tax cuts and what drives movements in exchange rates. The final part will cover the theory of long-run economic growth. We will examine how and why economies growth over the long-run, what explains differences in economic development across countries, how economies behaved before the emergence of sustained growth in the Industrial Revolution and the interaction between economic growth and the environment.

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Curricular information is subject to change

Learning Outcomes:

Following completion of the course and its predecessors, students will be familiar with most of the key of concepts relating to macroeconomics. They will be in a position to understand and comment critically on a wide range of macroeconomic issues. They will have expertise in modern Keynesian macroeconomics, in the issues raised by models based on rational expectations and the determinants of long-run economic growth. Students will be capable of interpreting macroeconomic models using both graphical and algebraic techniques.

Student Effort Hours: 
Student Effort Type Hours
Autonomous Student Learning






Approaches to Teaching and Learning:
The module is based around lectures given by the module co-ordinator. Lecture notes are provided based on an online textbook written by the module co-ordinator. This is supplemented by a wide variety of articles and readings which give students the chance to dig deeply into each of the topics covered. 
Requirements, Exclusions and Recommendations
Learning Recommendations:

Students are strongly recommended to have taken the Intermediate Macroeconomics Course (Macroeconomics I) before registering for 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
Essay: A set of short essays. Coursework (End of Trimester) n/a Alternative linear conversion grade scale 40% No


Examination: Mid-term exam Week 7 Yes Alternative linear conversion grade scale 40% No


Examination: Final Exam 2 hour End of Trimester Exam Yes Alternative linear conversion grade scale 40% No


Carry forward of passed components
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, on an activity or draft prior to summative assessment
• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

Office hours are held throughout the term so that students can discuss the module's material and their preparations for the final exam. After each exam, students are entitled to request a meeting with the module co-ordinator to discuss their exam script.

Name Role
Dr Clemens Struck Lecturer / Co-Lecturer