EC239: Economics 2: Macroeconomics

Introduction

Principal Aims

To enable students to develop a deeper understanding of macroeconomic concepts introduced in first-year analysis. To introduce students to new concepts in intermediate macroeconomic analysis. To develop students’ understanding of more complex macro concepts, such as the open economy. To provide students with an understanding of the application of macroeconomics to policy. 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

Subject-Specific/Professional Skills:...produce concise and analytical reports relating to economic problems and issues.

Subject knowledge and understanding:...understand key concepts and principles in intermediate macroeconomics.

Key Skills:...communicate knowledge and understanding of economics in written, spoken, graphical and in mathematical forms.

Subject knowledge and understanding:...apply rigorous knowledge of theoretical models which underlie economic analysis.

Key Skills:...conduct individual and collaborative research into an Economic topic, using world wide web and library resources.

Subject knowledge and understanding:...abstract and simplify economic problems through the application of theoretical models.

Key Skills:...present the output of their own work to an audience.

Cognitive Skills Analyse and formulate models for understanding and solving problems.

Cognitive Skills:...analyse competing models and hypotheses in a critical way.

Subject-Specific/Professional Skills:...select and apply appropriate economic models and techniques to particular problems especially those of a policy nature.

Subject knowledge and understanding:...understand the uses, applications and limitations of theoretical models.

Subject knowledge and understanding:...demonstrate knowledge of macroeconomic policies and understand the role of theory in analysing their effectiveness.

Syllabus

Context

Core Module

X35B - Year 2

Optional Module

Y603 - Year 2, G100 - Year 2, GG14 - Year 2

Pre or Co-requisites

Any of:

EC106-30 Introduction to Economics OR

EC107-30 Economics 1 OR

EC136-15: Economics 1: Macro OR

EC131-15 Economics for Business (with a mark of at least 60%) AND EC229-15 Economics of Strategy (with a mark of at least 60%) AND IB121-15 Business Statistics (with a mark of at least 40%) AND IB122-15 Business Analytics (with a mark of at least 40%)

Summary:

Modules: EC106-24 or EC107-30 or EC136-15 or (EC131-15 and EC229-15 and IB121-15 and IB122-15)

Restrictions

May not be combined with modules EC204-30 or EC201-30

Assessment

Assessment Method

Coursework (40%) + Centrally-timetabled examination (On-campus) (60%)

Coursework Details

Centrally-timetabled examination (On-campus) (60%) , Participation in and engagement with Support and Feedback classes (10%) , Test 1 (30%)

Exam Timing

Summer

Exam Rubric

Time Allowed: 1 hour 30 minutes

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 in total) and ONE question in Section B (50 marks).

Use a separate booklet for each Section.

• Use a GREEN booklet for Section A questions.

• Use a SEPARATE GREEN booklet for Section B questions.

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 calculator 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