Last modified: 22 May 2019 17:07
This course focuses on macroeconomic policy in a global economy. The first part builds an open-economy Keynesian model to investigate what determines the effectiveness of fiscal and monetary policies, and how exchange rate regimes and capital mobility impact on policy effectiveness. The second part investigates what determines the level of macroeconomic activity and its growth over time. The final part looks at what determines inflation and unemployment. This intermediate level course uses live lectures to develop your analytical skills evaluating economic policy in a rigorous and technical way to equip you with the skills needed for honours level study.
|Session||Second Sub Session||Credit Points||30 credits (15 ECTS credits)|
Macroeconomics is the branch of economics that seeks to answer such high level questions as: What determines the level of aggregate income? Through what channels is it influenced by the fiscal policy of national governments and the monetary policies of central banks? What determines the effectiveness of fiscal and monetary policies, and how do exchange rate regimes and capital mobility impact on policy effectiveness. What determines the level of macroeconomic activity and its growth or decay over time? What determines inflation and unemployment?
This is the total time spent in lectures, tutorials and other class teaching.
2-hour examination (70%)
Computer aided assessment (20%)
Graded tutotial presentation (10%)
Resit: 1 two-hour written examination (100%).
This will take place via tutorial discussions and via a "trial (computer aided) assessment" in the computer workshop.
Feedback is given in the trial computer aided assessment on a question-by-question basis, giving students guidance on how to approach the question successfully. Oral feedback is given on the tutorial presentation.
On a less formal basis, via verbal feedback during tutorial discussions, and after tutorial presentations. Presentation slides and notes are submitted through WebCT and are available to the external examiner.