Intermediate Macroeconomics

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• the relationship between policy recommendations and the theoretical and empirical features that imply such recommendations;
• the central theoretical and practical concepts of macroeconomics
• application of core economic theory and economic reasoning to applied macroeconomic topics and the analysis of macroeconomic policy

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• recognise what should be taken as fixed for specifying and solving macroeconomic problems, and the implications of potential constraints for policy implementation.
• abstract the essential features of the macroeconomy to provide models for the assessment of policy and exogenous events;
• apply logical analysis to macroeconomic models to describe equilibrium behaviour

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• collaborate with others in a group project adressing a policy question and recognise problems of groupwork and possible remedies.
• identify, select and access a range of sources to develop and present economic arguments and evidence in form of a short essay
• communicate logical arguments and quantitative reasoning in a brief policy statements

Part 1: Introduction

Topic 1. Introduction

Topic 2. Macro Data

Part 2: The Economy in the Long Run

Topic 3. Model of Production

Topic 4. Solow Growth Model

Topic 5. More on Growth

Topic 6. Labour Market and Unemployment

Topic 7. Money and Inflation

Part 3: The Economy in the Short Run: Business Cycles

Topic 8. Economic Fluctuations

Topic 9. IS-LM Model

Topic 10. Macroeconomic Policy using the IS-LM Model

Topic 11. Aggregate Supply in the Short Run

Topic 12. Dynamic Model of Economic Fluctuations

Lectures and problem classes

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.