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EC9D4-30 Macroeconomics A

Department
Economics
Level
Taught Postgraduate Level
Module leader
Helios Herrera
Credit value
30
Module duration
9 weeks
Assessment
Multiple
Study location
University of Warwick main campus, Coventry

Introductory description

EC9D4-30 Macroeconomics A

Module web page

Module aims

To enable students to acquire a thorough understanding of modern macroeconomic theory covering some of the most important topics, concepts and methods, along with relevant empirical evidence.

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:
GDP, AD-AS model, rules versus commitment in central banking, sustainability models, consumption, investment, institutions and geography, nominal rigidities, the “Philips curve”, monetary policy, inflation and seignorage, rational expectations models, debt sustainability, exchange rates, purchasing power parity, Solow growth model, growth accounting, convergence, overlapping generations model, endogenous growth, income inequality and growth, unified growth theory.

Learning outcomes

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

  • Subject knowledge and understanding:...a thorough 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: Knowledge and Understanding:...develop a thorough understanding of how macroeconomic models can be used in policymaking and help explain 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:...develop a thorough 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

G. Mankiw, Macroeconomics (9th edn), Worth Publishers, 2016
S.D. Williamson, Macroeconomics, Pearson, 2014.
E. Helpman, The Mystery of Economic Growth, Harvard University Press.

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
Policy evaluation
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

Study time

Type Required
Lectures 36 sessions of 1 hour (12%)
Seminars 8 sessions of 1 hour (3%)
Private study 256 hours (85%)
Total 300 hours

Private study description

Private study will be required in order to prepare for seminars/classes, to review lecture notes, to prepare for forthcoming assessments, tests, and exams, and to undertake wider reading around the subject.

Costs

No further costs have been identified for this module.

You do not need to pass all assessment components to pass the module.

Assessment group D3
Weighting Study time Eligible for self-certification
Test 1 Macro A 10% No
Test 2 Macro A 10% No
In-person Examination 80% No

3 hour examination + 15 mins reading time


  • Students may use a calculator
Assessment group R2
Weighting Study time Eligible for self-certification
In-person Examination 100% No

3 hour examination + 15 mins reading time


  • Students may use a calculator
Feedback on assessment

The Department of Economics is committed to providing high quality and timely feedback to students on their assessed work, to enable them to review and continuously improve their work. We are dedicated to ensuring feedback is returned to students within 20 University working days of their assessment deadline. Feedback for assignments is returned either on a standardised assessment feedback cover sheet which gives information both by tick boxes and by free comments or via free text comments on Tabula, together with the annotated assignment. For tests and problem sets, students receive solutions as an important form of feedback and their marked assignment, with a breakdown of marks and comments by question and sub-question. Students are informed how to access their feedback, either by collecting from the Department of Economics Postgraduate Office or via Tabula. Module leaders often provide generic feedback for the cohort outlining what was done well, less well, and what was expected on the assignment and any other common themes. This feedback also includes a cumulative distribution function with summary statistics so students can review their performance in relation to the cohort. This feedback is in addition to the individual-specific feedback on assessment performance.

Past exam papers for EC9D4

Pre-requisites

The module demands a good understanding of core undergraduate macroeconomic principles.

Courses

This module is Core optional for:

  • Year 1 of TECA-L1P6 Postgraduate Taught Economics
  • Year 1 of TECA-L1P7 Postgraduate Taught Economics and International Financial Economics

This module is Optional for:

  • Year 4 of USTA-G300 Undergraduate Master of Mathematics,Operational Research,Statistics and Economics

This module is Option list B for:

  • Year 4 of USTA-G300 Undergraduate Master of Mathematics,Operational Research,Statistics and Economics