Introductory description

EC9D5-30 Macroeconomics B

Module web page

Module aims

Outline syllabus

This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.

The syllabus may cover, but is not limited to, the following areas:
Consumption, investment, business cycles, financial frictions, labour market frictions, New Keynesian model, international open economy macroeconomics, time series, Solow growth model, growth accounting, convergence, overlapping generations model, endogenous growth, income inequality and growth, unified growth theory, real business cycles, dynamic programming,

Learning outcomes

By the end of the module, students should be able to:

• Subject Knowledge and Understanding:...have a rigorous understanding of the theoretical foundations of macroeconomic analysis. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
• Subject-specific Skills/Professional Skills:...demonstrate a rigorous understanding of how modern macroeconomic models relate to policy and empirical evidence. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
• Cognitive Skills:...demonstrate a rigorous and critical understanding of growth and modern macroeconomics. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.

Indicative reading list

D. Romer, Advanced Macroeconomics (5th edn), McGraw-Hill, 2019.
D.N. Weil, Economic Growth, Pearson, 2004.
E. Helpman, The Mystery of Economic Growth, Harvard University Press.
O. Galor, Unified Growth Theory, Princeton University Press, 2011.

View reading list on Talis Aspire

Subject specific skills

Students will have the opportunity to develop skills in:
Analytical thinking and communication
Analytical reasoning
Critical thinking
Problem-solving
Abstraction
Analysis of Institutions
Concepts of Simultaneity and Endogeneity
Analysis of optimisation

Transferable skills

Students will have the opportunity to develop:
Numeracy and quantitative skills
IT skills
Written communication skills
Oral communication skills
Mathematical, statistical and data-based research skills