Module overview
This module provides an introduction to macroeconomics, the study of the economy as a whole. Combined with Microeconomics this module will provide an appropriate foundation for subsequent economic modules.
Aims and Objectives
Learning Outcomes
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- Basic macroeconomic theory and different schools of thought in economic history
- Wider topics in macroeconomics, such as income distribution, poverty traps, the open economy, and financial crises
- The fundamental theoretical and practical concepts of macroeconomics
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- Understand the role of assumptions in macroeconomic models and identify the potential limitations of such models
- Identify essential features of the macroeconomy and recognise the difference between exogenous shocks, policy instruments and macroeconomic outcomes
- Apply core economic principles and reasoning to macroeconomic topics, including the analysis of fiscal and monetary policy
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- Communicate reasoned arguments using diagrams and in writing
Syllabus
List of topics:
1. What is Macroeconomics?
2. Measuring the Macroeconomy
3. Economic Growth and Development
4. The Financial System
5. Exchange Rates and Open Economies
6. Fiscal Policy
7. Monetary Policy
8. Further Topics in Macroeconomics
Learning and Teaching
Teaching and learning methods
Lectures and tutorials
| Type | Hours |
|---|---|
| Independent Study | 122 |
| Total study time | 122 |
Assessment
Assessment strategy
Referral and external repeat assessment are through 100% final examSummative
This is how we’ll formally assess what you have learned in this module.
| Method | Percentage contribution |
|---|---|
| Final Exam | 90% |
| Coursework | 10% |