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Unit information: Intermediate Macroeconomics in 2020/21

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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

EFIM10025 Economics 1
EFIM10027 Economics 2

Co-requisites

None

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description

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.

Intended learning outcomes

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.

Teaching details

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Details

(1) MCQs (Best 3 from 6) (20%) (2) Essay in TB1 (1,000 words) (20%) (3) Essay in TB2 (1,000 words) (20%) (4) Exam (1.5 hours) (40%)

Reading and References

Readings are based on the lecturer’s own lecture notes and journal articles.

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