Courses / Module

Toggle Print

INTERMEDIATE MACROECONOMICS

Module code: EC202A
Credits: 5
Semester: 2
Department: ECONOMICS,FINANCE & ACCOUNTING
International:

	Overview
	This is a course in macroeconomics. The goal of this course is to provide a broad framework for understanding the behavior of the real world macroeconomy. Using this framework we analyze what makes the economy grow, what are the effects of monetary and fiscal policy, what causes unemployment and whether there are remedies capable of reducing it, what causes inflation and whether there are remedies capable of controlling it, and what causes business cycles and whether policy should be directed at reducing business cycle fluctuations.

Overview

This is a course in macroeconomics. The goal of this course is to provide a broad framework for understanding the behavior of the real world macroeconomy. Using this framework we analyze what makes the economy grow, what are the effects of monetary and fiscal policy, what causes unemployment and whether there are remedies capable of reducing it, what causes inflation and whether there are remedies capable of controlling it, and what causes business cycles and whether policy should be directed at reducing business cycle fluctuations.

	Learning Outcomes
	On successful completion of the module, students should be able to: Explain key concepts relating to macroeconomic phenomena such as business cycle fluctuations, monetary and fiscal policies, inflation and unemployment, and long-term economic growth Demonstrate an understanding of the distinction between real and nominal macroeconomic variables and its importance in macroeconomic analysis Differentiate between the short, the medium and the long run time frames in macroeconomic analysis Identify the conditions required for macroeconomic equilibrium in the short and medium run and explain how they differ depending on the economic model utilized Demonstrate how macroeconomic equilibrium is restored following a shock and explain the underlying process Evaluate the effects of monetary and fiscal policies on output, the interest rate and the price level Explain the principal determinants of long run economic growth and, in particular, the respective roles of capital accumulation and technological progress

Learning Outcomes

Teaching & Learning methods

Assessment

	Autumn Supplementals/Resits
	Are supplemental/resit registrations permitted? Yes University scheduled written examination (Autumn): 90 minutes Is Supplemental Continuous Assessment registration permitted? No Is Supplemental Continuous Assessment capped? No

	Pre-Requisites
	Principles of Macroeconomics (EC103)

Timetable

Search form

Courses / Module

INTERMEDIATE MACROECONOMICS

Semester 1

Semester 2