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Unit information: Intermediate Macroeconomics in 2019/20

Please note: Due to alternative arrangements for teaching and assessment in place from 18 March 2020 to mitigate against the restrictions in place due to COVID-19, information shown for 2019/20 may not always be accurate.

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

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

For 2019/20:

Economic Principles 2

Maths and Stats Methods 2

For 2020/21:

Economics 2

Mathematics for Economics

Probability, Statistics and Econometrics



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.

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

The course is taught using 36 hours of lectures and exercise lectures and 9 hours of classes.

Assessment Details

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.

Reading and References

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