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EC1506: THE GLOBAL ECONOMY (2018-2019)

Last modified: 22 May 2019 17:07

Course Overview

This course is an introductory course in macroeconomics  where we study the behaviour of the economy as a whole. Whereas microeconomics focuses on individual markets, macroeconomics addresses the “big issues” such as unemployment, inflation, economic growth, and financial crises. Macroeconomics is a lively subject, full of discussion and debate, as economists and policymakers take different views on macroeconomic issues, their causes and appropriate policy responses.  Issues such as: Is the economy growing? What causes unemployment and how can we reduce it? How can we avoid recessions? When is inflation a problem? Are banks lending too much?

Course Details

Study Type Undergraduate Level 1
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus None. Sustained Study No
  • Dr Heather Dickey

Qualification Prerequisites

  • Either Programme Level 1 or Programme Level 2

What courses & programmes must have been taken before this course?

  • Any Undergraduate Programme (Studied)

What other courses must be taken with this course?


What courses cannot be taken with this course?


Are there a limited number of places available?


Course Description

What are the causes of the current financial crisis and what can governments across the globe do about it? Why is it that certain countries have experienced rapid growth in incomes over the past century whereas others are stuck in severe poverty? Why do some nations have high rates of inflation and others stable prices or deflation? Why is unemployment low in some countries but very high in others? Why do all countries experience periods of economic recession and depression and how can government reduce the size of the associated fluctuations in incomes and employment?

This module, which looks at the behaviour of the economy as a whole, tries to answer these and other questions. This course introduces students to macroeconomic theory and policy. This will enable students to understand the determinants of the level of national income, the overall growth rate of the economy, unemployment and the rate of inflation as well as the role of government in influencing these variables.

In light of Covid-19 this information is indicative and may be subject to change.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 3 Lectures during University weeks 25 - 35
  • 1 Tutorial during University weeks 27, 28, 29, 30, 31, 32, 33, 34

More Information about Week Numbers

In light of Covid-19 and the move to blended learning delivery the assessment information advertised for second half-session courses may be subject to change. All updates for second-half session courses will be actioned in advance of the second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

1st Attempt:

2-hour examination (70%)

5 x online MC quizzes each constituting 6% of overall mark (30% in total) (30%)



1 two-hour written examination (100%).

Formative Assessment

This will take place via on-going discussions in tutorials and via mock computer quizzes.


A written feedback sheet is used for both the essay and report and this explains why students received a particular mark, outlines the strengths and weaknesses of the essay, and make suggestions as to how the student might improve future coursework submissions. 

On a less formal basis, via verbal feedback during tutorial discussions, and after tutorial presentations.

Course Learning Outcomes


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