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EC108: Macroeconomics 1

  • Natalie Chen

    Module Leader
  • Bhaskar Chakravorty

    Module Lecturer
  • Emil Kostadinov

    Module Lecturer
30 CATS - Department of Economics
Summer Module
Spring Module
Autumn Module

Principal Aims

This module is an introductory module exploring the fundamental determinants of national income, employment, the price level and the foreign balance in the short and long run within a framework of active learning of economic theory and modelling.

Principal Learning Outcomes

Subject-specific and Professional Key General Skills:...demonstrate a basic understanding of research skills such as: (i) data skills: use of library and internet as information sources. Knowledge of how to locate relevant data, extract appropriate data, analyse and present material; (ii) mathematical/statistical skills: use/application of mathematics and diagrams in economic analysis; understanding of statistical analysis of data; (iii) written communication skills.

 Subject Knowledge and Understanding:…(i) demonstrate a familiarity with a range of macroeconomic issues in breadth and depth; (ii) demonstrate a familiarity with the language of macroeconomics and the measurement of macroeconomic aggregates; (iii) show an awareness of recent trends in macroeconomic variables and issues in macroeconomic policy; (iv) the capacity to apply theory to the solution of macroeconomic problems by postulating simple structural models, including definitions, assumptions, and behavioural characteristics of economic agents, using a combination of mathematical and graphical techniques.

Cognitive Skills:...demonstrate capacity for: (i) analytical thinking, reasoning and application; (ii) critical, creative and strategic thinking; (iii) abstraction and problem solving.


EC108 may include topics on:

1. Macroeconomic data (such as National Accounts; Output, Value Added, GDP Unemployment and Inflation data)

2. Financial Markets

3. Consumption theories

4. Theories of Investment

6. Government Spending

7. Demand side policies

8. Phillips Curve

9. The International Market

10. Inequality


Core Module
L100 - Year 1, L116 - Year 1
Pre or Co-requisites
A-level Mathematics or the equivalent.


Assessment Method
Coursework (50%) + Online Examination (50%)
Coursework Details
Group Project (10%) , Group Video project (10%) , Multiple Choice Test (10%) , Multiple Choice Test (10%) , Online Examination (50%) , Participation in and engagement with Support and Feedback classes (5%) , Participation in and engagement with Support and Feedback classes (5%)
Exam Timing

Exam Rubric

Time Allowed: 3 Hours

Read all instructions carefully - and read through the entire paper at least once before you start entering your answers.

There are TWO Sections in this paper. Answer ALL questions in Section A (50 marks total), TWO questions in Section B (25 marks each) .

Approved pocket calculators are allowed.

You should not submit answers to more than the required number of questions. If you do, we will mark the questions in the order that they appear, up to the required number of questions in each section.

Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.

Reading Lists