ECON42550 Macroeconomics

Academic Year 2023/2024

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
Autonomous Student Learning








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 In Module Component Repeat Offered
Continuous Assessment: Assignments Throughout the Trimester n/a Graded No


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


Examination: Mid-term test Week 7 No Graded No



Carry forward of passed components
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
Sam Deegan Tutor