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EC136: Economics 1: Macro

15 CATS - Department of Economics

Principal Aims

To develop in students an understanding of fundamental and intermediate concepts in macroeconomic analysis;

To equip students with a range of appropriate analytical skills, including descriptive, graphical and mathematical methods; and

To develop the capacity to apply analytical techniques to real world problems.

Principal Learning Outcomes

To understand key concepts and principles in macroconomics

To demonstrate knowledge of economics trends, institutions and policies

To abstract and simplify economic problems through the application of

theoretical models.


Topics covered will typically include the following:

Consumption, saving and investment.

Aggregate demand, fiscal policy and foreign trade

IS and LM curve analysis

Fiscal and monetary policy

Aggregate supply

Open economy macroeconomics: the World economy

Economic growth and economic cycles


Pre or Co-requisites
This module is available to all students outside the Department of Economics (and other than students in WBS) conditional on: having taken ‘EC137 Economics 1: Micro’ and on having achieved a Grade B or better in Mathematics at A-level, or the equivalent.
Only available to students from outside of Economics, with the stated pre-requisites. Not available to WBS students. Students wishing to take EC136 in the same year as EC137 should instead take EC107.
Part-year Availability for Visiting Students
Not available on a part-year basis


Assessment Method
Coursework (20%), 1.5 hour exam (80%)
Coursework Details
One 2000 word essay
Exam Timing

Exam Rubric

Time Allowed: 1.5 Hours

Answer ALL FOUR questions in Section A (60 marks total) and ONE question from Section B (40 marks).

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.

Reading Lists