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EC339: Applied Macroeconomics

  • Stefania Paredes Fuentes

    Module Leader
  • Thijs Van Rens

    Module Lecturer
15 CATS - Department of Economics
Autumn Module

Principal Aims

EC339-15 Applied Macroeconomics

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
L100 - Year 3, L103 - Year 4, L116 - Year 3, L117 - Year 4, LM1D (LLD2) - Year 3, LM1H - Year 4, GL11 - Year 3, GL12 - Year 4, V7ML - Year 3, V7MP - Year 3, V7MR - Year 3, V7MM - Year 4, V7MQ - Year 4, V7MS - Year 4, LA99 - Year 3, R9L1 - Year 4, R3L4 - Year 4, R4L1 - Year 4, R2L4 - Year 4, R1L4 - Year 4, L1L8 - Year 3
Pre or Co-requisites
Any of: EC201-30 Macroeconomics 2 AND EC202-30 Microeconomics 2 OR EC204-30 Economics 2
Part-year Availability for Visiting Students
Available in the Autumn term only (2 x assignments - 12 CATS)

Assessment

Assessment Method
Coursework (40%) + 48 hour final examination (summer) (60%)
Coursework Details
Group assingment 1 (20%), Group assigment 2 (15%), Participation in and engagement in learning sessions (5%), 48 hour final examination (summer) (60%)
Exam Timing
N/A

Exam Rubric

Time Allowed: 48 Hours

There will be two Sections on the assignment. Section A refers to the first part of the course, while Section B refers to the second part of the course.

Each question in Section A has a word limit of 80 words. Section B has a word limit of 700 words. One equation equals one word. Words beyond this will not be counted. The following are included in the word count: equations (1 equation counts as 1 word), footnotes, subtitles, etc. Provide a reference list of the sources cited in Section B, if any. The reference list is not included in the word count.

Include the word-count at the end of EACH answer.

Type your answers. Use Calibri, 12p font, 1.5 space. Graphs and equations (if any) can be hand-drawn and uploaded on the main document.

All submissions will be checked for plagiarism.

The assignment will be made available to you via Moodle and submitted through Tabula and you will be required to upload it within the time period given. Any late submissions will be penalised.

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