EC9D4: Macroeconomics A
Helios Herrera
Module Leader
Omer Moav
Module Lecturer
Introduction
EC9D4-30 Macroeconomics A
Principal Aims
To enable students to acquire a thorough understanding of modern macroeconomic theory covering some of the most important topics, concepts and methods, along with relevant empirical evidence.
Principal Learning Outcomes
Subject knowledge and understanding:...a thorough understanding of the theoretical foundations of macroeconomic analysis. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
Subject-specific Skills/Professional Skills: Knowledge and Understanding:...develop a thorough understanding of how macroeconomic models can be used in policymaking and help explain empirical evidence. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
Cognitive Skills:...develop a thorough and critical understanding of growth and modern macroeconomics. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
Syllabus
The syllabus may cover, but is not limited to, the following areas:
GDP, AD-AS model, rules versus commitment in central banking, sustainability models, consumption, investment, institutions and geography, nominal rigidities, the “Philips curve”, monetary policy, inflation and seignorage, rational expectations models, debt sustainability, exchange rates, purchasing power parity, Solow growth model, growth accounting, convergence, overlapping generations model, endogenous growth, income inequality and growth, unified growth theory.
Context
- Optional Core Module
- L1P6 - Year 1, L1P7 - Year 1
- Pre or Co-requisites
- The module demands a good understanding of core undergraduate macroeconomic principles.
Assessment
- Assessment Method
- Coursework (20%) + Centrally-timetabled examination (On-campus) (80%)
- Coursework Details
- Centrally-timetabled examination (On-campus) (80%) , Test 1 Macro A (10%) , Test 2 Macro A (10%)
- Exam Timing
- January
Exam Rubric
Time Allowed: 3 Hours, plus 15 minutes reading time during which you may make notes on the question paper. You must not start writing in your answer booklet until you are instructed.
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 BOTH questions in Section A (25 marks each), ONE question in Section B (25 marks), and ONE question in Section C (25 marks).
Use a separate booklet for each Section.
• Use a PINK booklet for Section A questions.
• Use a GREEN booklet for Section B questions.
• Use a SEPARATE GREEN booklet for Section C 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 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.