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| Module Availability |
Autumn |
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| Assessment Pattern |
| Unit(s) of Assesment |
Weighting Towards Module
Mark (%)
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| 2 hour Examination |
70
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| Coursework 1 |
15
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| Coursework 2 |
15
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Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module |
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| Module Overview |
| Macroeconomic policy and performance are fundamental to our daily lives. This makes it important that students are aware of the various types of macroeconomic policy being pursued (in the UK, Europe and elsewhere) and that they are able to identify and evaluate some of the effects of these policies. This module covers a number of topical macroeconomic policy areas |
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| Prerequisites/Co-requisites |
| None |
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| Module Aims |
The aim of this module is to provide students with the basic tools of economic analysis necessary for the study of macroeconomic problems. The module demonstrates how economic analysis can be used to evaluate macroeconomic performance. Particular reference is made to the relative importance of market and government behaviour, and to policy and institutional changes that might improve macroeconomic performance |
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| Learning Outcomes |
By the end of this module students will:-
- Demonstrate a critical understanding of the relationships between the main macroeconomic variables
- identify the role of trade unions in macroeconomic policy
- evaluate the impact of governmental policy and institutional change on a nation's macroeconomic performance
- be able to discuss issues related to the dynamics of government budget deficits and debt
- appreciate the role and implications of different exchange rate regimes in macroeconomic policy
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| Module Content |
The following is an indication of the likely topics to be covered:-
- aggregate demand and aggregate supply
- inflation and unemployment
- labour markets
- monetary policy and central banks
- fiscal policy and government debt
- open econoomy in the short run
- inflation and unemployment in the open economy
- policy making in open economy
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| Methods of Teaching/Learning |
| Lectures (11) and Tutorials (5) |
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| Selected Texts/Journals |
Compulsory reading:-
Carlin W. and Soskice D. 2006 Macroeconomics Imperfections, Institutions and Policies, Oxford University Press
Recommended reading:-
Blanchard O. 2009, Macroeconomics, 5th edition, Pearson
Burda M. and Wyplosz C. 2009, Macroeconomics: A European Text, 5th edition, Oxford University Press |
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| Last Updated |
10 March 2011 |
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