EC339: Applied Macroeconomics
Emil Kostadinov
Module Leader
Cholwoo Kim
Module Lecturer
Introduction
EC339-15 Applied MacroeconomicsPrincipal Aims
The module aims to develop skills and knowledge of applied macroeconomics to an advanced level. The module aims to impart knowledge of theory, data analysis and empirical research relating to key topics in applied macroeconomics. The module aims to improve understanding of and ability to analyse real-world macroeconomic issues.
Principal Learning Outcomes
Subject knowledge and understanding:...demonstrate an ability to critically assess applied macroeconomic research papers. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and assessment.
Subject knowledge and understanding:...present a balanced and well-informed opinion on a variety of macroeconomic policy issues. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and assessment.
Subject-specific and Professional Key General Skills:...understand and interpret modern macroeconomic models. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and assessment.
Subject-specific and Professional Key General Skills:...critically assess different macroeconomic policy options and provide clear and concise policy advice suitable for senior policymakers. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and assessment.
Subject knowledge and understanding:...confidently acquire, transform, interpret and discuss real world macroeconomic data. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and assessment.
Syllabus
The module will cover a number of topics in applied macroeconomics. The topics will be chosen based on the expertise of the lecturer(s), the emphasis in the advanced applied macroeconomics literature, topical macroeconomic issues, and current policy concerns. All topics will cover theoretical background, data and stylised facts, empirical approaches and findings, and policy relevance and implications. Depending on the topic, the applied macroeconomic data, issues and policies may relate to more than one country. Illustrative topics may include Employment, Unemployment, Wage setting, Search and matching, Migration, Housing market, Financial stability, Monetary policy, Inflation, Investment, Productivity, Innovation, Entrepreneurship, Growth, Market structure in macroeconomics, Dealing with heterogeneity in macroeconomics, Data for macroeconomics, Applied techniques for macroeconomics, Fiscal Policy, Inequality, Institutions.
Context
- Optional Module
- LM1D (LLD2) - Year 3, GL11 - Year 3, GL12 - Year 4, V7ML - Year 3, V7MM - Year 4, LA99 - Year 3, R9L1 - Year 4, R3L4 - Year 4, R4L1 - Year 4, R2L4 - Year 4, R1L4 - Year 4, L1L8 - Year 3, L1CA - Year 3, L1CB - Year 4, L100 - Year 3, L103 - Year 4, L116 - Year 3, L117 - Year 4, LM1H - Year 4, V7MP - Year 3, V7MR - Year 3, V7MR - Year 4, V7MS - Year 4
- Pre or Co-requisites
EC201-30 Macroeconomics 2 AND EC202-30 Microeconomics 2 OR
EC204-30 Economics 2
Summary:Modules: (EC201-30 and EC202-30) and EC204-30
Assessment
- Assessment Method
- Coursework (40%) + Centrally-timetabled examination (On-campus) (60%)
- Coursework Details
- Centrally-timetabled examination (On-campus) (60%) , Group assignment 1 (20%) , Group assignment 2 (20%)
- Exam Timing
- Summer
Exam Rubric
Time Allowed: 2 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 ONE question in Section A (50 marks) 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.