ECON3027J Advanced Macroeconomics

Academic Year 2023/2024

This module covers a range of different topics in macroeconomics and will be taught in three parts. The first part expands on traditional IS-LM analysis to cover monetary policy rules, inflation expectations, and the liquidity trap. The second part discusses topics related to the theory of rational expectations, including applications to asset pricing, consumption, and exchange rates. The final part covers theories of long-run economic growth.

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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.

Indicative Module Content:

Topics include:
- The IS-MP-PC Model
- Zero Lower Bound and the Liquidity Trap
- Rational Expectations Theory and Applications
- Theories of Economic Growth

Student Effort Hours: 
Student Effort Type Hours
Lectures

24
Tutorial

12
Autonomous Student Learning

80
Total

116
Approaches to Teaching and Learning:
Lectures will include elements of tutorials.
Sample exercises for each topic will allow students to self-assess their knowledge and study in groups. 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Required:
BDIC1047J - English for Uni Studies BDIC, BDIC1048J - English Gen Acad Purposes BDIC, BDIC2007J - English for Spec Acad Purposes, BDIC2015J - Acad Wrt & Comm Skills


 
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

50
Continuous Assessment: Midterm, quizzes Unspecified n/a Alternative linear conversion grade scale 40% No

50

Carry forward of passed components
No
 
Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Self-assessment activities

How will my Feedback be Delivered?

Sample exercises with solutions will be provided on a regular basis.

Name Role
Haochi Chen Tutor
Kira Finan Tutor
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 

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