Department of Economics & International Development, Unit Catalogue 2006/07

EC20011 Intermediate macroeconomics 1

Credits: 6

Level: Intermediate

Semester: 1

Assessment: EX 70% CW 30%

Requisites:

Before taking this unit you must take EC10007

Aims:
* To develop further students' understanding of macroeconomic theory.
* To enable students to use macroeconomic models to interpret policy problems.
* To be aware of the main contributions of the leading schools of macroeconomic thought.
Learning Outcomes:
At the end of the course unit, students should be able to:
* Understand, manipulate and use for policy analysis a series of small general equilibrium models.
* Use their knowledge of theory to interpret problems in macroeconomic policy making.
* Solve problems under test conditions from the material taught in the lectures and classes.
Skills:
Use and analysis of economic data; problem-solving; expressing understanding of macroeconomic theory and policy in written form through examination and coursework.
Content:
IS-LM analysis in an open economy context - the Mundell-Fleming Model; AD-AS analysis; aggregate supply and inflation; introduction to modelling expectations within macroeconomics. Key text: Gärtner, M. (2003), Macroeconomics, Financial Times PrenticeHall, (library ref.: 330 GAR).

University | Catalogues for 2006/07