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EC108: Macroeconomics 1

  • Stefania Paredes Fuentes

    Module Leader
  • Natalie Chen

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

Principal Aims

To introduce the student to 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

By the end of the module, the student will be expected to have acquired familiarity with a range of macroeconomic issues in breadth and in depth. Learning in breadth involves familiarisation with the language of macroeconomics, the measurement of macroeconomic aggregates, recent trends in macroeconomic variables, and issues in macroeconomic policy. Learning in depth involves 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.

Syllabus

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. IS-LM/MP

8. Phillips Curve

9. The International Market

Context

Core Module
L100 - Year 1, L116 - Year 1
Pre or Co-requisites
A-level Mathematics or the equivalent
Pre-requisite for
EC201
Restrictions
This module is restricted to L100 and L116 students
Part-year Availability for Visiting Students
Not available on a part-year basis

Assessment

Assessment Method
Coursework (20%) + 3 hour exam (80%)
Coursework Details
One formative essay, one multiple choice one 50 minute test (10%), one essay (10%)
Exam Timing
May/June

Exam Rubric

Time Allowed: 3 Hours

Answer ALL questions in Section A (30 marks total), ALL questions in Section B (30 marks total) and TWO questions in Section C (20 marks each).

SECTION A: A multiple choice section of 15 questions. SECTION B: Short answer section. SECTION C: Answer 2 of 3 questions. Answer section A using the SECTION A ANSWER SHEET attached, Section B in a separate booklet and Section C in another booklet.

Approved pocket calculators are allowed.

Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book. If you answer more questions than are required and do not indicate which answers should be ignored, we will mark the requisite number of answers in the order in which they appear in the answer book(s): answers beyond that number will not be considered.

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.

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