Principles of Macroeconomics
| Code | School | Level | Credits | Semesters |
| ECON2018 | Economics | 2 | 20 | Spring UK |
- Code
- ECON2018
- School
- Economics
- Level
- 2
- Credits
- 20
- Semesters
- Spring UK
Summary
Intermediate macroeconomics covering simple macro-models of goods, labour and money markets, such as IS-LM and aggregate supply/aggregate demand, including open economy extensions. Dynamic issues incorporating expectations and long run growth will also be considered. The module will analyse policy questions surrounding exchange rates, monetary, fiscal and supply-side policy, economic inequality and public debt sustainability.
Target Students
Available for Year 2 Undergraduate students on the following Economics degree programmes: BA Hons Philosophy, Politics and Economics, BA Hons Economics and Philosophy, BA Hons Politics and Economics, and Economics with Languages. Also available for Economics Exchange students. This module cannot be taken with ECON2003 Macroeconomic Theory.
Classes
The module is delivered through a series of lectures and tutorials.
Assessment
- 100% Exam 1 (2-hour): Exam
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.The module aims to enable the participants to develop skills in reflection of understanding of material through tutorial questions.Learning Outcomes
The learning outcomes are such that students will be able to:
Knowledge and Understanding:
- A1 Knowledge and understanding of the three key sub-disciplines in Politics, namely Political Theory, Comparative Government and International Relations as well as the principal elements in the study of Economics and Philosophy.
- A2 Knowledge and understanding of some of the main schools of thought in the study of Philosophy, Politics and Economics.
Intellectual Skills:
- B2 Construct a reasoned argument.
- B4 Identify and formulate solutions to problems.
Professional / Practical Skills:
- C5 Ability to understand specialised philosophical, political and economic terminology and use it properly.
Transferable Skills:
- D1 Communicate effectively in written and oral formats.