The University of Southampton
Courses

ECON3010 Topics in Macroeconomics 3

Module Overview

The main objective of this module is to expose students to the state-of-the-art discussion in a range of macroeconomic topics: growth, unemployment, taxation, and monetary policy. The approach is to study a simplified version of some widely used models in the current macroeconomic literature. Emphasis will be put on understanding model assumptions in order to identify the key factors shaping the response of these models to key policy questions.

Aims and Objectives

Module Aims

The main objective of this module is to expose students to the state-of-the-art discussion in a range of macroeconomic topics: growth, unemployment, taxation and monetary policy. The approach is to study a simplified version of some widely used models in the current macroeconomic literature. Emphasis will be put on understanding model assumptions in order to identify the key factors shaping the response of these models to key policy questions.

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

  • Demonstrate knowledge and understanding of the analytical framework to allow you to think deeply about a wide range of policy issues
  • Understand and have the ability to critically assess current policy debates

Syllabus

1. A Simple Dynamic Model 2. Solving The Simple Dynamic Model 3. Employment and The Simple Dynamic Model 4. Labour Market Frictions 5. Endogenous Growth 6. Incomplete Markets and Banking 7. Taxes and Growth 8. Monetary Theory and Policy

Learning and Teaching

Teaching and learning methods

Lectures and tutorials.

TypeHours
Teaching24
Independent Study126
Total study time150

Resources & Reading list

Advanced Modern Macroeconomics: Analysis and Application. 

Equilibrium Unemployment Theory. 

Assessment

Summative

MethodPercentage contribution
Exam 100%
Exam 80%
Problem sets 10%
Problem sets 10%

Repeat Information

Repeat type: Internal & External

Linked modules

Pre-requisite: ECON2004 Topics In Macroeconomics 2 2016-17

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