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2010/1 Module Catalogue
 Module Code: ECOM021 Module Title: MACROECONOMICS
Module Provider: Economics Short Name: EC601B
Level: M Module Co-ordinator: KIM Y Dr (Economics)
Number of credits: 15 Number of ECTS credits: 7.5
Module Availability


Assessment Pattern
Unit(s) of Assessment

Weighting Towards Module Mark (%)

2 hour Examination




Qualifying Conditions(s)
A weighted aggregated mark of 50% is required to pass the module
Module Overview

Selection of topics in macroeconomics at an early postgraduate level



Module Aims

This module aims 

  • to provide an introduction to the study of macroeconomic theory and the theory of macroeconomic policy at an advanced level
Learning Outcomes

On successful completion of this module you should:

  • Have gathered sufficient knowledge and technique to enable them to analyse macroeconomic issues in a mature manner
  • Understand the approaches of different schools of thought
  • Be aware of areas of agreement and those of remaining controversy
  • Be prepared for further study, research and for practical application of their macroeconomic abilities






Module Content

The following is an indication of the likely topics to be covered:

  • Exogenous growth models: growth models with exogenous saving rates; growth models with consumer optimisation
  • Endogenous growth models: research and development, and human capital
  • Fluctuations in economic activity; traditional classical and Keynesian theories of fluctuations
  • Fiscal policy and Ricardian equivalence
  • Inflation, time consistency and monetory policy




Methods of Teaching/Learning

Lectures (20 hrs) Tutorials (10 hrs)

  • Readings using lecturers guidance
  • Preparing exercises
  • Responding to questions in class and tutorial
  • Preparing and taking part in the coursework




  • Selected Texts/Journals

    Romer, D, (2006), Advanced Macroeconomics, 3rd edition McGraw-Hill  
    Jones, E.I, (2001), An Introduction to Economic Growth, 2nd edition, Wiley, 
    Weil, D, 92005), Economic Growth, Addison-Wesley
    Carlin,W. & D. Soskice (2005), Macroeconomics, Oxford U.P
    Soreensen, P. & H. Whitta-Jacobsen (2005), Introducing Advanced Macroeconomics, McGraw-Hill
    Heijdra, B. & F. Van der Ploeg, (2002), Foundations of Modern Macroeconomics, Oxford , U.P.

    Last Updated
    28 September 2010