MACROECONOMICS - 2020/1
Module code: ECOM021
In light of the Covid-19 pandemic, and in a departure from previous academic years and previously published information, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the academic year 2020/21.
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Selection of topics in macroeconomics at a postgraduate level (FHEQ Level 7)
SHAKHNOV Kirill (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
JACs code: L130
Module cap (Maximum number of students): N/A
Prerequisites / Co-requisites
Indicative content includes:
- Growth Models (Solow and Ramsey)
- Real Business Cycle Model
- New Keynesian Models
- Monetary Policy
- Fiscal Policy
|Assessment type||Unit of assessment||Weighting|
|School-timetabled exam/test||IN SEMESTER TEST - 1 HOUR AND 15 MINUTES||25|
|Examination||EXAMINATION - 2 HOURS||75|
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.
- To provide an introduction to the study of macroeconomic theory and the theory of macroeconomic policy at an advanced level
|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|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Overall student workload
Independent Study Hours: 121
Lecture Hours: 20
Tutorial Hours: 9
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.
Programmes this module appears in
|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.