Advanced Macroeconomics

The details
Colchester Campus
Postgraduate: Level 7
Monday 13 January 2020
Friday 20 March 2020
11 September 2019


Requisites for this module



Key module for

MRESL10012 Economics,
MRESL100EK Economics,
MRESL100KE Economics,
MPHDL10048 Economics,
PHD L10048 Economics

Module description

This module builds on the notions covered in EC904 Macroeconomics. The course starts with more advanced techniques of dynamic programming. We then cover the theory of Real Business Cycle, with particular emphasis on how to solve these models numerically, using Dynare. We them study the implications of three different types of frictions: nominal rigidities (New-Keynesian model); search and matching frictions ( Diamond-Mortensen-Pissarides model); and financial frictions (financial accelerator model).

The third part of the course focuses on Fiscal policy. We will look at the effects of government spending and taxation. We also examine optimal policy under complete and incomplete markets and the problem of time inconsistency.

Module aims

The primary objective is for students to acquire the necessary tools for conducting independent macroeconomic research. I will also attempt to keep the focus on the important policy questions faced by macroeconomists.

Module learning outcomes

Upon successful completion of this course, students will have acquired a toolkit, which they can use for their own Macroeconomic research. Key employability skills delivered by the module include numeracy and ICT skills; research, information and communication skills; self-awareness, target setting, time management; reflection and evaluation.

Module information

No additional information available.

Learning and teaching methods

One 2 hour lecture and 1 class per week. Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; problem sets will include analytical and numerical parts and answers that will be posted on Moodle will give you guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance.


This module does not appear to have any essential texts. To see non-essential items, please refer to the module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Coursework   Test     
Exam  180 minutes during Summer (Main Period) (Main) 

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


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
Mr Lukas Mayr, email:
Mr Lukas Mayr
For Further information, send an email message to



External examiner

Dr Francis Kiraly
Newcastle University
Lecturer Economics
Available via Moodle
Of 67 hours, 29 (43.3%) hours available to students:
38 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).


Further information

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