Module code: ECOM021

Module Overview

Selection of topics in macroeconomics at a postgraduate level (FHEQ Level 7)

Module provider


Module Leader

SHAKHNOV Kirill (Economics)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 7

Module cap (Maximum number of students): N/A

Overall student workload

Independent Learning Hours: 121

Lecture Hours: 20

Tutorial Hours: 9

Module Availability

Semester 1

Prerequisites / Co-requisites


Module content

Indicative content includes:

  • Growth Models (Solow and Ramsey)

  • Real Business Cycle Model

  • New Keynesian Models

  • Monetary Policy

  • Fiscal Policy


Assessment pattern

Assessment type Unit of assessment Weighting
School-timetabled exam/test IN SEMESTER TEST - 1 HOUR AND 15 MINUTES 25
Examination EXAMINATION - 2 HOURS 75

Alternative Assessment

Not applicable

Assessment Strategy

The assessment strategy  is designed to provide students with the opportunity to demonstrate

  • understanding of different macroeconomic models and their properties

  • the ability to manipulate models to derive results, demonstrate properties and solve problems.

Thus, the summative assessment for this module consists of:

  • an hour and 15 minute test typically scheduled in Week 9 covering the macroeconomic models discussed in the lectures

  • a two-hour examination assessing the macroeconomic models discussed in the lectures.

Formative assessment and feedback

Classes to provide verbal feedback on the exercises and individual feedback on performance in the in-semester test. 

Module aims

  • To provide an introduction to the study of macroeconomic theory and the theory of macroeconomic policy at an advanced level

Learning outcomes

Attributes Developed
001 Apply key mathematical techniques common in macroeconomic theory to analyse macroeconomic issues C
002 Demonstrate a systematic understanding of techniques to enable them to analyse macroeconomic issues in a mature manner KC
004 Be prepared for further study, research and for practical application of their macroeconomics KCPT
005 Analyse macroeconomic models to derive results and solve problems PT
003 Critically discuss the macroeconomics literature explored in the module KC

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is designed to:

  • prepare the students for the study of economics and econometrics at FHEQ Level 7 (first week)

  • to ensure that students are familiar with modern methods in Macroeconomics, starting from a range of theoretical assumptions.

The lectures provide an understanding of a variety of important macroeconomic models. The tutorials give students experience in manipulating formulae and deriving results for the models discussed in the lectures and help prepare for the in-semester test.

The learning and teaching methods include:

  • reading lecture slides

  • reading the textbook

  • reading assigned journal articles

  • solving problems

  • dedicated lectures in quantitative methods in week 1

  • responding to questions in class

  • 2 hour lectures per week x 10 weeks

  • 1 hour tutorial per week x 9 weeks

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list
Upon accessing the reading list, please search for the module using the module code: ECOM021

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Economics MSc 1 Compulsory A weighted aggregate mark of 50% is required to pass the module
International Economics, Finance and Development MSc 1 Compulsory A weighted aggregate mark of 50% is required to pass the module
Economics and Finance MSc 1 Compulsory A weighted aggregate mark of 50% is required to pass the module
Business Economics and Finance MSc 1 Compulsory A weighted aggregate mark of 50% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2020/1 academic year.