ECON42550 Macroeconomics

Academic Year 2022/2023

This module provides a graduate-level introduction to the basic models and analytical tools that macroeconomists use to study how the economy fluctuates in the short-run, as well as how it grows over the long-run. The module has three main parts. The first part provides a review of Keynesian short-run macroeconomics using a simple model that will allow us to explain the business cycle. We will study how the economy adjusts to different supply and demand-side shocks and what is the best policy response to them. It also discusses current topics such as the COVID pandemic, zero lower bound, financial cycles and the role of banks in macroeconomics.

The second part describes some of the building blocks of short-run macroeconomic models such as investment and consumption theories. The last part deals with long-run growth. We will discuss both exogenous and endogenous growth models, as well as empirical work testing these models.

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Curricular information is subject to change

Learning Outcomes:

The student will be able to understand basic graduate-level macroeconomic analysis.The student will be able to understand basic graduate-level macroeconomic analysis.

Student Effort Hours: 
Student Effort Type Hours
Lectures

30

Tutorial

10

Total

40

Approaches to Teaching and Learning:
Lectures, enquiry & problem-based learning


 
Requirements, Exclusions and Recommendations

Not applicable to 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
Continuous Assessment: Assignments Throughout the Trimester n/a Graded No

30

Examination: Mid-term test Week 7 No Graded No

30

Examination: Exam 2 hour End of Trimester Exam No Graded No

40


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

• Feedback individually to students, on an activity or draft prior to summative assessment

How will my Feedback be Delivered?

Solutions to weekly problem sets will be provided during tutorials. Midterm and continuous assessment grades will be distributed prior to final exam.

Name Role
Robert Goodhead Lecturer / Co-Lecturer
Prachi Srivastava Tutor
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 
Autumn
     
Tutorial Offering 1 Week(s) - 3, 4, 5, 6, 7, 9, 10, 11, 12 Mon 12:00 - 12:50
Tutorial Offering 1 Week(s) - 7 Mon 13:00 - 13:50
Lecture Offering 1 Week(s) - 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 Tues 14:00 - 16:50
Autumn