| Unit name | MRes Macroeconomics 2 |
|---|---|
| Unit code | EFIMM0026 |
| Credit points | 15 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Professor. Abraham |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
None |
| Units you must take alongside this one (co-requisite units) |
None |
| Units you may not take alongside this one |
None |
| School/department | School of Economics |
| Faculty | Faculty of Social Sciences and Law |
This unit aims to broaden and deepen knowledge and understanding of selected topics in macroeconomics focusing in particular on issues of business cycle fluctuations and the foundations for dynamic models of the wealth distribution.
In a first part, we will study the consumer problem: intertemporal choices, consumption and savings under uncertainty both in partial and general equilibrium with idiosyncratic productivity shocks. We also study heterogeneity and life-cycle economies.
In a second part, we introduce search and matching frictions to the labor markets and we study aggregate dynamics .
The course concludes with the analysis of “Real Business Cycles” where aggregate joint dynamics of the economies key indicators is studied analytically, quantitatively and empirically.
The unit aims for students to be able to master these tools while understanding their limitations and to apply them when undertaking their own research.
This unit follows on from MRes Macroeconomics 1, and provides:
Teaching will be delivered through a combination of large and small group classes, supported by online resources
Tasks which help you learn and prepare you for summative tasks (formative):
Weekly homework exercises
Tasks which count towards your unit mark (summative):
Exam, 3 hours. Worth 85% of unit mark. Assesses ILOs 1-2.
Coursework (2 x 48-hour assignments), worth 15% of the unit mark. Assesses ILO3.
When assessment does not go to plan:
Exam, 3 hours. Assesses ILOs 1-3.
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0026).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the Faculty workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an
assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
