| Unit name | MRes Macroeconomics 1 |
|---|---|
| Unit code | EFIMM0020 |
| Credit points | 15 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
| Unit director | Professor. Hu |
| Open unit status | Not open |
| Pre-requisites |
None |
| Co-requisites |
MRes Mathematics for Economics |
| 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. These topics will include dynamic optimization, and the application of dynamic models to consumption, investment and growth in continuous time. The unit aims to build in students the ability to know, understand and evaluate these tools and to apply them when undertaking novel research. To help in this, the material will include some empirical work which will highlight the scope and limitations of these tools.
This unit provides a thorough and in-depth treatment of the basic concepts in macroeconomics and introduces fundamental analytic paradigms rigorously, with a view to equip the students with sufficient foundational understanding of the discipline to be able to access the journal articles first-hand, to evaluate them critically and to start independent research projects at basic levels. Students will also learn to the application of computational software such as MATLAB to these tools, its scope and limitations.
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
online exam (85%) and coursework (15%)
Bagliano, F.-C. and Bertola, G. Models for Dynamic Macroeconomics, OUP
Barro, R. J. and Sala-i-Martin, X. Economic Growth, MIT Press
Chiang, A. C. Elements of Dynamic Optimization, McGraw-Hill
Romer, D. Advanced Macroeconomics, (Fourth Ed.), McGraw-Hill
