Department of Economics, Unit Catalogue 2009/10 |
ES20014: Intermediate macroeconomics 2 (formerly EC20170) |
 Credits:
| 6 |
| Level:
| Intermediate |
| Period: | Semester 2 |
| Assessment:
| CW 30%, EX 70% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| Before taking this unit you must take ES20013 |
| Description: | Aims: * To develop further students' understanding of macroeconomic theory. * To use macroeconomic models to interpret policy problems and questions. * To be aware of the main contributions of the leading schools of macroeconomic thought. * To be introduced to economic dynamics and the related equilibrium concepts. * To use the knowledge gained to study Macroeconomics at an advanced level. Learning Outcomes: At the end of the course unit, students should be able to: * Understand, manipulate and use for policy analysis a series of dynamic economic models. * Use their knowledge of theory to interpret problems in macroeconomic policy making. * Solve problems under exam 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 an end-of-semester examination and coursework. Content: Economic dynamics; phase and cobweb diagrams; dynamic equilibrium concepts; growth theory; dynamics of the wealth distribution; theories of involuntary unemployment; alternative theories of the consumption function; determinants of investment spending. Key texts: Blanchard, O. (2006), Macroeconomics (4th edition), Prentice�Hall; Gärtner, M. (2003), Macroeconomics, Prentice�Hall. |