EC201-6-FY-CO:
Macroeconomics (Intermediate)

The details
2019/20
Economics
Colchester Campus
Full Year
Undergraduate: Level 6
Current
Thursday 03 October 2019
Friday 26 June 2020
30
01 May 2019

 

Requisites for this module
(none)
(none)
(none)
(none)

 

EC324, EC368

Key module for

DIPLL10009 Economics

Module description

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

Module aims

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.

Module learning outcomes

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.

Module information

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.

Learning and teaching methods

2 lecture hours per week, weeks 2-11, 16-25, 1 class per week, weeks 3-11, 16-25, 30.

Bibliography

  • 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 Weighting
Coursework Autumn Term Test - 18 November 2019
Coursework EC201 Assignment 12/02/2020
Exam 180 minutes during Summer (Main Period) (Main)

Overall assessment

Coursework Exam
50% 50%

Reassessment

Coursework Exam
50% 50%
Module supervisor and teaching staff
Professor Gianluigi Vernasca, Mr Lukas Mayr
For further information, send an email message to ueco@essex.ac.uk.

 

Availability
No
Yes
No

External examiner

Prof Aditya Goenka
The University of Birmingham
Chair
Resources
Available via Moodle
Of 294 hours, 286 (97.3%) hours available to students:
8 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).

 

Further information
Economics

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