EC201: Macroeconomics 2

Introduction

This module provides students with the opportunity to understand the core theoretical models used in macroeconomics, for both closed and open economies, and how to use them to enhance their comprehension of real-world macroeconomic experiences, especially involving macroeconomic policy.

Principal Aims

To provide students with the opportunity to understand the core theoretical models used in macroeconomics, for both closed and open economies, and how to use them to enhance their comprehension of real-world macroeconomic experiences, especially involving macroeconomic policy.

Principal Learning Outcomes

Subject-specific and Professional Key General Skills:...demonstrate proficiency in study and research skills such as data skills: Use of library and internet as information sources; knowledge of how to locate relevant data, extract appropriate data, analyse and present material. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Subject-specific and Professional Key General Skills:...demonstrate proficiency in study and research skills such as mathematical/statistical skills: use/application of mathematics and diagrams in economic analysis; understanding of statistical analysis of data. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Subject-specific and Professional Key General Skills:...demonstrate proficiency in study and research skills such as communicating their knowledge and understanding to others, verbally and in writing. The teaching and learning methods that enable students to achieve this learning outcome are: Seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Subject Knowledge and Understanding:...demonstrate knowledge and understanding of the core theoretical models used in macroeconomics, for both open and closed economies. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Subject-specific and Professional Key General Skills:...demonstrate proficiency in study and research skills such as reviewing the relevant literature and evidence. The teaching and learning methods that enable students to achieve this learning outcome are: Seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Subject Knowledge and Understanding:...demonstrate knowledge and understanding of Economic Principles; knowledge and understanding of core concepts and methods in macroeconomics. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Subject Knowledge and Understanding:...demonstrate knowledge and understanding of real-world macroeconomic experiences, especially those involving macroeconomic policy. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Subject Knowledge and Understanding:...demonstrate knowledge and understanding of the relationships between different models and how to apply them in the analysis of recent macroeconomic episodes, and policy discussions affecting actual economies. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Cognitive Skills:...demonstrate capacity of analytical thinking, reasoning and application. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Cognitive Skills:...demonstrate capacity of critical, creative and strategic thinking. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Cognitive Skills:...demonstrate capacity of abstraction and problem solving. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Cognitive Skills:...demonstrate capacity of applying critical analysis to the topics of the module, formulating concepts and hypotheses, and showing how they are tested in relevant literature. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, guided reading and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Tests and examination.

Syllabus

Context

Core Module

L1P5 - Year 1, L1PA - Year 1, L100 - Year 2, L116 - Year 2

Pre or Co-requisites

EC108 or EC107 with a mark of 65% plus guided reading in summer vacation

Summary:

Modules: EC107-30 or EC108-30

Assessment

Assessment Method

Coursework (20%) + Centrally-timetabled examination (On-campus) (80%)

Coursework Details

Centrally-timetabled examination (On-campus) (80%) , Test 1 (10%) , Test 2 (10%)

Exam Timing

Summer

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 THREE sections in this paper. Answer ALL TEN questions in Section A (2 marks each), ONE question in PART I of Section B (10 marks), ONE question in PART II of Section B (10 marks) and ALL questions in Section C (30 marks each).

Use separate booklets as instructed below.

• Use the MCQ sheet for Section A multiple-choice questions.

• Use a GREEN booklet for Section B – PART I.

• Use a SEPARATE GREEN booklet for Section B – PART II.

• Use a SEPARATE GREEN booklet for Section C.

You must write the number(s) of the question(s) you have answered on the front cover of each booklet. Make sure the numbers are clearly visible and correspond to the questions you completed inside that booklet.

Do not submit answers to more than the required number of questions. If you do, only the first answers (in the order they appear) will be marked, up to the required number for each section.

Approved scientific (non-graphical) pocket calculators are allowed.

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