Macroeconomic Theory

Code	School	Level	Credits	Semesters
ECON2019	Economics	2	20	Spring Malaysia

Code: ECON2019
School: Economics
Level: 2
Credits: 20
Semesters: Spring Malaysia

Summary

This module will address both the fundamental and applied aspects of macroeconomic theory. In particular, the module will focus on:

Introducing the modern theory of expectations and economic dynamics

Using this approach to think about short run fluctuations

Studying the role of macro policy on short run fluctuations.

The module will review the so-called modern approach to aggregate demand and aggregate supply. This entails incorporating into the classical approach to aggregate supply and aggregate demand insights from Keynesian economics. This will serve as a base to discuss the role of macro-policy in controlling for fluctuations in output and employment.

Target Students

Available to JYA/Erasmus students

Classes

One 1-hour tutorial each week for 7 weeks
One 1-hour lecture each week for 10 weeks
One 2-hour lecture each week for 10 weeks

Assessment

25% Coursework 1: Problem Sets (25%)
75% Exam 1 (1-hour-30-minute): 1.5 hours exam (75%)

Assessed by end of spring semester

Educational Aims

The main aim of this module is to introduce the students to the main issues and developments of modern macroeconomics.

Learning Outcomes

The learning outcomes are such that students will be able to:Knowledge and Understanding:

Demonstrate a broad knowledge of core areas of economics.

Apply core economic theory and economic reasoning to applied topics.

Show understanding of analytical methods, both theory- and model-based.

Demonstrate understanding of verbal, graphical, mathematical and econometric representation of economic ideas and analysis, including the relationship between them.

Discuss and analyse government policy. Intellectual Skills:

Apply complex ideas to solve problems.

Work with abstract concepts and in a context of generality.

Reason logically and work analytically.

Understand the context in which a problem is to be addressed. .Professional / Practical Skills:

Select and apply appropriate techniques to solve problems.

Justify conclusions using economic arguments with appropriate rigour. Transferable Skills:

Apply mathematical, statistical and graphical techniques in an appropriate manner.

Communicate effectively and clearly in written and oral formats.

Conveners

Dr Wing Leong Teo

View in Curriculum Catalogue

Last updated 09/01/2025.