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EC339: Applied Macroeconomics

15 CATS - Department of Economics

Principal Aims

understanding of how economics informs policy-making and how to apply effective policy in this area.

Principal Learning Outcomes

By the end of the module the student should be able to confidently acquire, transform, interpret and discuss real world macroeconomic data; demonstrate an ability to critically assess applied macroeconomic research papers; present a balanced and well-informed opinion on a variety of macroeconomic policy issues; understand and interpret modern macroeconomic models; critically assess different macroeconomic policy options and provide clear and concise policy advice suitable for senior policymakers.


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.


Pre or Co-requisites
EC201 + EC202 or EC204
Not available to non-final year students on Economics-based degrees.
Part-year Availability for Visiting Students
Available in the Autumn term only (2 x assignments - 12 CATS)


Assessment Method
Coursework (30%) + 2 hour exam (70%)
Coursework Details
Two assignments (worth 15% each)
Exam Timing

Exam Rubric

Time Allowed: 2 hours

Answer TWO questions in Section A and TWO questions in Section B. All questions carry equal marks (25 marks each). Answer Section A questions in one booklet and Section B questions in a separate booklet.

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