Macroeconomics

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Use macroeconomic modeling techniques to generate predictions and calibrate macroeconomic models
• Solve dynamic optimisation problems
• Apply macroeconomic methods to address economic questions, including the evaluation of policy

Knowledge and Understanding

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

• Current research methods in macroeconomics
• Main theoretical and mathematical methods of macroeconomic analysis at the graduate level

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Use quantitative modeling to derive positive and normative statements

The module covers the essential tools in modern macroeconomic theory, focusing on quantitative modelling. We will cover real business cycle and neoclassical models, focusing on the concepts of competitive equilibrium with complete markets and recursive competitive equilibrium, to provide a solid foundation in graduate macroeconomics. We will then draw on some applications of the methods.

Teaching and learning methods

Lectures and masterclasses.

Assessment strategy

Assessment in this module is through coursework in form of two problem sets (each worth 10% of the final mark) and an end of module written examination (80%). This is supported by continuous formative assessment. This is the same for internal repeat. Assessment for referral and external repeat will be through end of module examination only.

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.

Repeat Information

Repeat type: Internal & External