Department of Economics & International Development, Unit Catalogue 2008/09 |
EC20011 Intermediate macroeconomics 1 |
| Credits: 6 |
| Level: Intermediate |
| Semester: 1 |
| Assessment: CW 30%, EX 70% |
| Requisites: |
| Before taking this unit you must take EC10007 |
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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 and use for policy analysis a series of macroeconomic models. * Use their knowledge of theory to interpret problems in macroeconomic policy making. * Solve problems under exam conditions from the material learnt. 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). |