| Unit name | Intermediate Macroeconomics |
|---|---|
| Unit code | EFIM20034 |
| Credit points | 20 |
| Level of study | I/5 |
| Teaching block(s) |
Teaching Block 4 (weeks 1-24) |
| Unit director | Dr. Correia |
| Open unit status | Not open |
| Pre-requisites |
For 2019/20: Economic Principles 2 Maths and Stats Methods 2 For 2020/21: Economics 2 Mathematics for Economics Probability, Statistics and Econometrics |
| Co-requisites |
None |
| School/department | School of Economics |
| Faculty | Faculty of Social Sciences and Law |
The course develops macroeconomic theory at an intermediate level. At the macroeconomic level it studies economic growth, modern consumption theory and a dynamic 3-equation macro framework that will allow students to achieve a deeper understanding of the determinants of key macro variables, long-run fiscal policy (including pensions systems), aggregate investment and modern theories of unemployment.
Students should be able:
[1] To formalise macroeconomic problems using models, interpreting the logical structure of how the assumptions lead to the conclusions;
[2] To analyse how economies work by using such models to address particular questions and answer policy issues;
[3] To compare and contrast different models and to evaluate them theoretically and empirically.
The course is taught using 36 hours of lectures and exercise lectures and 9 hours of classes.
The course is assessed by:
[1] a summative coursework essay (1500-2000 words) which counts 25% towards the module mark, and assesses all learning outcomes.
[2] a 2h final exam in the May/June examination period, which assesses all learning outcomes.
Readings are based on the lecturer’s own lecture notes and journal articles.
