ES22013: Macroeconomics 2
[Page last updated: 03 June 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | Department of Economics |
| Credits: | 10 [equivalent to 20 CATS credits] |
| Notional Study Hours: | 200 |
| Level: | Intermediate (FHEQ level 5) |
| Period: |
- Semester 1
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| Assessment Summary: | EXCB 100% |
| Assessment Detail: |
- Closed-book written examination (EXCB 100%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
Before taking this module you must ( take ES12001 AND take ES12002 )
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| Learning Outcomes: |
By the end of the unit students will be able to:
- Use their knowledge of theory to interpret problems in macroeconomic policy making
- Understand, manipulate and use for policy analysis a series of dynamic macroeconomic models
- Solve problems from the material taught in the lecturers and classes
- Critically assess the policy implications of different macroeconomic models
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| Synopsis: | Develop a deeper understanding of macroeconomic theory, using formal macroeconomic models to interpret policy problems and questions.
You will learn about the main contributions of the leading schools of macroeconomic. Youll explore economic dynamics, such as growth and business cycles, while developing relevant equilibrium concepts and addressing important policy issues.
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| Content: | Long-run growth models. These may include:
- neoclassical growth
- endogenous growth
Introduction to dynamic general equilibrium (DGE) models. These may include:
- the overlapping generation model
- the Ramsey model
Introduction to dynamic stochastic general equilibrium (DSGE) models. These may include:
- the Real business cycle model
- the New Keynesian model
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| Course availability: |
ES22013 is Compulsory on the following courses:
Department of Economics
- UHES-AFB10 : BSc(Hons) Economics (Year 2)
- UHES-AFB11 : BSc(Hons) Economics with Politics (Year 2)
- UHES-AKB11 : BSc(Hons) Economics with Politics with professional placement (Year 2)
- UHES-AKB11 : BSc(Hons) Economics with Politics with professional placement and study abroad (Year 2)
- UHES-AKB11 : BSc(Hons) Economics with Politics with study abroad (Year 2)
- UHES-AKB10 : BSc(Hons) Economics with professional placement (Year 2)
- UHES-AKB10 : BSc(Hons) Economics with professional placement and study abroad (Year 2)
- UHES-AKB10 : BSc(Hons) Economics with study abroad (Year 2)
ES22013 is Optional on the following courses:
Department of Economics
- UHES-AFB12 : BSc(Hons) Economics and Mathematics (Year 2)
- UHES-AKB12 : BSc(Hons) Economics and Mathematics with professional placement (Year 2)
- UHES-AKB12 : BSc(Hons) Economics and Mathematics with professional placement and study abroad (Year 2)
- UHES-AKB12 : BSc(Hons) Economics and Mathematics with study abroad (Year 2)
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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.
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