Unit information: Further Macroeconomics in 2016/17

Unit name	Further Macroeconomics
Unit code	EFIMM0039
Credit points	15
Level of study	M/7
Teaching block(s)	Teaching Block 2 (weeks 13 - 24)
Unit director	Professor. Jon Temple
Open unit status	Not open
Pre-requisites	ECONM1011 Macroeconomics; ECONM1022 Econometrics
Co-requisites	None
School/department	School of Economics, Finance and Management
Faculty	Faculty of Social Sciences and Law

Description including Unit Aims

This unit provides training in selected topics in macroeconomics. It will prepare students for policy analysis within governments, central banks, and research institutes, and also prepare students for PhD research in this area.

Intended Learning Outcomes

Students will learn about macroeconomics models and techniques, including some close to the research frontier, and gain experience in applying techniques learned in earlier units to specific macroeconomic problems. By the end of the course, students should combine a conceptual understanding of some key topics in macroeconomics with the skills needed to solve relevant technical problems.

Teaching Information

There will be lectures, exercise lectures and tutorials. The lectures will introduce and explain the different ideas, concepts and methods, their application, and limitations. The exercise lectures will focus on the required mathematical methods. These will be supplemented by classes, again focusing mainly on problem solving.

• 16 hours lectures
• 6 hours classes
• 2 hours exercise lectures
• 2.5 hours final exam
• 123.5 hours individual study

Assessment Information

Summative assessment: two and a half hour long written exam. The exam will test the knowledge, selection, application and evaluation of tools and methods. It will combine technical questions and essay questions, to ensure that it tests both conceptual understanding and reasoning, and ability in solving technical problems.

Formative assessment: class participation and discussion in tutorials, and assignments. These will provide further opportunities for feedback on the students’ progress.

Reading and References

• Bagliano, F.-C. and Bertola, G. 'Models for Dynamic Macroeconomics' Press, Oxford
• Barro, R. J. and Sala-i-Martin, X. 'Economic Growth' (2004). MIT Press, Cambridge MA
• Gali, J. 'Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework' (2008). Princeton University Press, Princeton
• Romer, D. 'Advanced Macroeconomics' (2011). Fourth Edition. McGraw-Hill, New York