Macroeconomic Theory
| Code | School | Level | Credits | Semesters |
| ECON4016 | Economics | 4 | 15 | Autumn UK |
- Code
- ECON4016
- School
- Economics
- Level
- 4
- Credits
- 15
- Semesters
- Autumn UK
Summary
Analytical and theoretical issues in macroeconomics including modelling aggregate variables under adaptive and rational expectations modelling with imperfect competition constructing overlapping generations models price inertia.
Target Students
Available for PGT or PGR students on Economics degree programmes.
Classes
This module is delivered through a combination of lectures and tutorials.
Assessment
- 100% Exam 1 (2-hour): Exam
Assessed by end of autumn semester
Educational Aims
The main aim of this module is to familiarise students with advanced theory and techniques in macroeconomics. The course assumes a knowledge of macroeconomics at standard undergraduate level, and students who need to refresh their knowledge should consult a standard textbook such as Dornbusch, Fischer and Startz, Macroeconomics.Learning Outcomes
A. Knowledge and Understanding. Students should demonstrate:
A1. A broad knowledge of advanced core areas of economics, including economic concepts, principles and tools
A2. An understanding of advanced theoretical methods (including graphical and mathematical representations of economic ideas)
B. Intellectual Skills. Students should be able to:
B1. Model the essential features of complex economic systems
B2. Use analysis, deduction and induction to solve economic problems
B3. Apply economic theory to economic institutions and policies.