Advanced Macroeconomics
| Code | School | Level | Credits | Semesters |
| ECON3002 | Economics | 3 | 20 | Autumn UK |
- Code
- ECON3002
- School
- Economics
- Level
- 3
- Credits
- 20
- Semesters
- Autumn UK
Summary
This module presents recent developments in macroeconomics. There will be a mix of theory and applications. The main theories to be covered, include dynamic optimization, real business cycle theory and the theory of economic growth. These will be illustrated using examples drawn from various policy issues. You will learn the techniques used by macroeconomic researchers to identify issues that are important for our understanding of the economy; and also, how to apply macroeconomic theory to analyze the potential of macroeconomic policy to improve economic welfare.
Target Students
Available for final year Undergraduate students on Economics degree programmes (including final year Undergraduate students on the BA Jt Hons Politics and Economics and BSc Jt Hons Maths and Economics degrees). Not available for Exchange students.
Classes
This module is delivered through a combination of lectures and seminars.
Assessment
- 25% Coursework 1: Group presentation and group essay
- 75% Exam 1 (2-hour): Exam
Assessed by end of autumn semester
Educational Aims
Education Aims:To lay the foundations necessary for an understanding of those Year 3 courses drawing on such a conceptual framework.To stimulate an interest in policy issues.To instruct in the basic analytic and empirical techniques.The module aims to enable the participants to develop: The capacity of making informed policy judgements in the field.The ability of identifying strategies to establish the effect of changes in the macroeconomic environment.Critical understanding of the main concepts and issues of macroeconomics.Learning Outcomes
Knowledge and Understanding:
A1: Demonstrate a broad knowledge of core areas of economics.
A3: Show understanding of analytical methods, both theory- and model-based.
A4: Demonstrate understanding of verbal, graphical, mathematical and econometric representation of economic ideas and analysis, including the relationship between them.
A5: Show understanding of relevant mathematical and statistical techniques.
Intellectual Skills:
B1: Work with abstract concepts and in a context of generality.
B2: Reason logically and work analytically.
Professional / Practical Skills:
C3: Be familiar with differing approaches to analysing a given economic problem and the history and development of economic ideas.
C4: Understand the context in which a problem is to be addressed.
Transferable Skills:
D1: Apply mathematical, statistical and graphical techniques in an appropriate manner.
D2: Communicate effectively and clearly in written and oral formats.
D4: Show that they can work effectively in a team.