EC324-6-AU-CO:
Macroeconomics (Advanced)

The details
2019/20
Economics
Colchester Campus
Autumn
Undergraduate: Level 6
Current
Thursday 03 October 2019
Saturday 14 December 2019
15
20 September 2019

 

Requisites for this module
EC201
(none)
(none)
(none)

 

(none)

Key module for

BA L100SK Economics,
BSC L101SK Economics

Module description

The module is intended to complement and extend the material covered in intermediate macroeconomics. There is a particular focus on the data of macroeconomics. We will cover the measurement of output in the national accounts; prices; wages and unemployment; productivity. We will discuss the difficulties in measuring these aspects of the economy; how economic data are used to test alternative macroeconomic theories discussed in intermediate macroeconomics; how economic data support macroeconomic policy making; and how different decisions about measurement can lead to different conclusions about the function of economies or the appropriate path of economic policy. Key ideas in the module will be illustrated with reference to recent events and current policy debates.

Module aims

This module aims to give students an understanding of the main types of economic data; how those data are collected, constructed and used.

Module learning outcomes

Upon successful completion of this module, students will be able to approach macroeconomic data critically, and to evaluate the strength of empirical evidence for macroeconomic theories and macroeconomic policy positions.

Students completing the module will have developed their analytical reasoning and conceptualization skills; gained facility with the interpretation of mathematics and statistics; gained further experience with the world wide web, as well as in surveying and summarising scientific literature, and in the written presentation of material.
They may also work together in teams to complete the problem sets.

Module information

No additional information available.

Learning and teaching methods

Two 1-hour lectures and 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; answers that will be posted on moodle that will give you written guidance on the appropriate method to approach the problems on the problem sets, midterm tests and mock final; and academic support 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. Lecture notes, problem sets, mock final and feedback (including solutions) are made available online via Moodle.

Bibliography

  • Fran├žois Lequiller; Derek W. Blades. (2014) Understanding national accounts, Paris: OECD.

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 Test - Monday 11th November 18:00
Exam 120 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

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
Lectures & classes: Miguel Gavilan Rubio
For further information, send an email message to ueco@essex.ac.uk.

 

Availability
Yes
Yes
No

External examiner

Prof Aditya Goenka
The University of Birmingham
Chair
Resources
Available via Moodle
Of 32 hours, 30 (93.8%) hours available to students:
2 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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