Module code: ECN202
The purpose of this module is to provide students with a thorough analysis of the intermediate macroeconomic theory concerning aggregate expenditure functions, expectations, inflation, economic growth and open-economy macroeconomics.
Aims of the module
The aims of the module are:
On completion of the course students will have:
1. Measurement/Intro Issues
2. Basic macroeconomic models: consumption/leisure choice; closed economy one period-macro models; and models of search and unemployment.
3. Savings, investment and government deficits: consumption/savings choice (two-period model); credit market imperfections; real intertemporal model with investment.
4. Money are business cycles: flexible price models; New Keynesian economics (sticky prices); Phillips curve.
5. International macroeconomics: international trade; money in open economy.
6. Economic growth: growth theory facts; Malthus and Solow growth models; convergence; endogenous growth: human capital.
One (one-hour) lecture per week throughout the academic year; four workshops and three tutorials every semester
Two unseen examinations.
We advise you not to buy books before the module begins, as the reading list may change. If you wish to read in advance, look for this text in the University library
Williamson, S. Macroeconomics, Global Edition, 6th Edition, Pearson.