Advanced Macroeconomics

The details
Colchester Campus
Postgraduate: Level 7
Monday 13 January 2020
Friday 20 March 2020
04 October 2018


Requisites for this module



Key module for

DIPLL10009 Economics,
MA L10012 Economics,
MA L10024 Economics,
MRESL10012 Economics,
MRESL100EK Economics,
MRESL100KE Economics,
MSC L10012 Economics,
MSC L10024 Economics,
MSC L100EK Economics,
MSC L100KE Economics,
MSC L100PP Economics with Professional Placement,
MSC L100UH Economics,
MPH L10024 Economics,
MPH L10048 Economics,
MPHDL10036 Economics,
MPHDL10048 Economics,
MPHDL10072 Economics,
MPHPL10036 Economics,
MPHPL10072 Economics,
MSD L10012 Economics,
MSD L10024 Economics,
PHD L10036 Economics,
PHD L10048 Economics,
PHD L10072 Economics,
PHP L10036 Economics,
PHP L10072 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

No information available.

Module learning outcomes

No information available.

Module information

No additional information available.

Learning and teaching methods

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 the website for the module that will give you written 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 a published bibliography for this year.
Assessment items, weightings and deadlines
Coursework / exam Description Deadline Weighting
Coursework Test
Exam 120 minutes during Summer (Main Period) (Main)
Overall assessment
Module supervisor and teaching staff
Mr Lukas Mayr
For Further information, send an email message to



External examiner

Dr Francis Kiraly
Newcastle University
Lecturer Economics
Available via Moodle
Of 33 hours, 31 (93.9%) 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

* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.

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