EC201-5-SP-CO:
Macroeconomics (Intermediate)
2019/20
Economics
Colchester Campus
Spring
Undergraduate: Level 5
Current
Monday 13 January 2020
Friday 20 March 2020
15
01 May 2019
Requisites for this module
(none)
(none)
(none)
(none)
EC324, EC368
BA L100SK Economics,
BSC L101SK Economics
National income accounting; theories of growth; the government budget, fiscal and monetary policies in the short-run; balance of payments and exchange rates; international monetary regimes and domestic stabilization policies; wage-price flexibility and adjustment to macroeconomic shocks; unemployment, inflation, and the natural rate; monetary policy, dynamic inconsistency, and credibility; microfoundations of sticky wages and prices; microfoundations of aggregate consumption; the quantity theory of money and monetarism.
The aim of the module is to familiarize the student with the tools of macroeconomic analysis and show how these tools can be applied in macro-policy issues. Upon successful completion of the course students should be able to build alternative macroeconomic models; apply analytical reasoning to derive and compare their main predictions; conceptualize actual macroeconomic questions by means of these models; and evaluate critically alternative macroeconomic policies.
The module contributes towards the key skills of problem solving, numeracy, communication, and time management.
Employability skills include: Academic skills: literacy, numeracy and ICT skills, research, information and communication skills. Professional working skills: adaptability; flexibility, decision-making.
External awareness: knowledge of work, creativity and originality.
Personal development planning: Time management, target setting and action planning, self management, reflection and evaluation
The aim of the module is to familiarize the student with the tools of macroeconomic analysis and show how these tools can be applied in macro-policy issues.
Upon successful completion of the course students should be able to build alternative macroeconomic models; apply analytical reasoning to derive and compare their main predictions; conceptualize actual macroeconomic questions by means of these models; and evaluate critically alternative macroeconomic policies.
The module contributes towards the key skills of problem solving, numeracy, communication, and time management.
Employability skills include: Academic skills: literacy, numeracy and ICT skills, research, information and communication skills. Professional working skills: adaptability; flexibility, decision-making.
External awareness: knowledge of work, creativity and originality.
Personal development planning: Time management, target setting and action planning, self management, reflection and evaluation.
National income accounting; theories of growth; the government budget, fiscal and monetary policies in the short-run; balance of payments and exchange rates; international monetary regimes and domestic stabilization policies; wage-price flexibility and adjustment to macroeconomic shocks; unemployment, inflation, and the natural rate; monetary policy, dynamic inconsistency, and credibility; microfoundations of sticky wages and prices; microfoundations of aggregate consumption; the quantity theory of money and monetarism.
2 lecture hours per week, weeks 2-11, 16-25,
1 class per week, weeks 3-11, 16-25, 30.
- Mankiw, N. Gregory. (2019) Macroeconomics, New York, NY: Macmillan International Higher Education.
The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Assignment |
|
|
| Exam |
Main exam: 180 minutes during Summer (Main Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Whichever is the Greater:
EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark
OR 100 per cent Exam Mark IF Coursework Mark is a pass or better
Reassessment
Whichever is the Greater:
EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark
OR 100 per cent Exam Mark IF Coursework Mark is a pass or better
Module supervisor and teaching staff
Prof Gianluigi Vernasca, email: gvern@essex.ac.uk.
Professor Gianluigi Vernasca, Mr Lukas Mayr
For further information, send an email message to ueco@essex.ac.uk.
Yes
No
No
Prof Aditya Goenka
The University of Birmingham
Chair
Available via Moodle
Of 1026 hours, 138 (13.5%) hours available to students:
888 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
Economics
Disclaimer: The University makes every effort to ensure that this information on its Module Directory is accurate and up-to-date. Exceptionally it can
be necessary to make changes, for example to programmes, modules, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements,
industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to modules may for example consist
of variations to the content and method of delivery or assessment of modules and other services, to discontinue modules and other services and to merge or combine modules.
The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications and module directory.
The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.