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Course & Unit Catalogues


ES52067: Macroeconomic policy and institutions

[Page last updated: 14 August 2024]

Academic Year: 2024/25
Owning Department/School: Department of Economics
Credits: 10 [equivalent to 20 CATS credits]
Notional Study Hours: 200
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 2
Assessment Summary: CWOG 30%, EXCB 70%
Assessment Detail:
  • Group presentation (CWOG 30%)
  • In person unseen examination (EXCB 70%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before taking this module you must take ES52052 OR take ES52068
Learning Outcomes: Apply theoretical frameworks to identify and study macroeconomic problems Analyse and discuss the tools and strategies used by policy makers Evaluate issues relating to the conduct of macroeconomics policy Analyse and understand the link between monetary policy, fiscal policy, growth policies and the wider economy Familiarise with main trends and practical aspects of macroeconomic policy in the UK and the world Critically assess macroeconomic policy interventions


Synopsis: Study how macroeconomic policy is designed and conducted in theory and in practice. You'll learn about key areas of policy intervention and trade-offs, including short-run and long-run policy interventions. These will cover areas like: - monetary policy - fiscal policy - policies promoting growth This will enhance your knowledge of policy objectives and allow you to explore the tools and strategies used by actors and institutions in charge of achieving those objectives.

Content: Topics in this unit may include: Monetary policy and inflation Financial stabilisation and macroprudential policies Fiscal policy and debt sustainability Economic policy interventions which promote long-run economic growth Determinants of policy decision making by Governments and Central Banks Empirical overview and significant historical episodes of macroeconomic policy intervention

Course availability:

ES52067 is Optional on the following courses:

Department of Economics

Notes:

  • This unit catalogue is applicable for the 2024/25 academic year only. Students continuing their studies into 2025/26 and beyond should not assume that this unit will be available in future years in the format displayed here for 2024/25.
  • Courses and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.