Foundations of Macroeconomics: Growth, Cycles and Policy

Code School Level Credits Semesters
ECON1023 Economics 1 10 Spring UK
Code
ECON1023
School
Economics
Level
1
Credits
10
Semesters
Spring UK

Summary

This is a single semester introductory course in macroeconomics; there is no assumption of any prior knowledge of economics. Macroeconomics is the study of the aggregate economy. This module will focus on the determinants of aggregate output, both in the short run - addressing cyclical movements of booms and busts - and in the long run - providing an introduction to economic growth. A running theme will be debates over the role of the government in macroeconomic management, covering fiscal and monetary policy. The module will introduce a series of basic models used in modern macroeconomics.

Target Students

Available to Year 1 Undergraduate students on the BA Hons Philosophy, Politics and Economics degree. Not available to Industrial Economics students. Not available to Exchange students. This module cannot be taken with ECON1043 Foundations of Economics.

Classes

This module is delivered through a series of lectures and tutorials.

Assessment

Assessed by end of spring semester

Educational Aims

There are three general aims for this module, and they are:To provide a sound basis in the fundamentals of macroeconomics and their application to both theoretical and real-world situations.To develop analytical skills using the major methods of mathematics and diagrams.To engender the ability to communicate and report findings, particularly via tutorial essays, presentations and exercises.

Learning Outcomes

On completing this module, the learning outcomes are such that students will be able to:

Knowledge and Understanding: 

Intellectual Skills:

Professional / Practical Skills:

Conveners

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Last updated 07/01/2025.