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ES10002: Introductory macroeconomics

Follow this link for further information on academic years Academic Year: 2019/0
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Certificate (FHEQ level 4)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 30%, EX 70%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 30%)
  • Exam (EX 70%)
Further information on supplementary assessment Supplementary Assessment:
ES10002 Resit Exam (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take ES10001
Further information on descriptions Description: Aims:
The unit is designed to provide an introduction to the methods of macroeconomic analysis, including the use of simple macroeconomic models and their application in a UK policy context. Students should gain an ability to derive conclusions from simple economic models and evaluate their realism and usefulness in policy making.

Learning Outcomes:
By the end of the course unit students should be able to understand and apply basic macroeconomic principles to the economic decisions of the policy-maker. They should be able to use these principles to both describe and appraise these decisions as well as to understand how macroeconomic problems arise. They should be competent in the verbal, diagrammatic and basic mathematical concepts used in introductory macroeconomics, providing a suitable platform for the more advanced study of this subject in future years.

Skills:
Basic grounding in introductory macroeconomics. Students will acquire skills in problem solving through work completed in class and assessment. They will undertake a piece of applied research work with respect to a current topic in macroeconomics.

Content:
The circular flow of income and expenditure; national income accounting; aggregate demand and supply; the components and determinants of private and public sector aggregate expenditure in closed and open economies; output and the price level in the short- and long-run; monetary and fiscal policy; inflation and unemployment; the balance of payments and exchange rates; economic growth, economic cycles; macroeconomic modelling.
Further information on programme availabilityProgramme availability:

ES10002 is Compulsory on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 1)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 1)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 1)
  • UHES-AFB04 : BSc(Hons) Economics and Mathematics (Year 1)
  • UHES-AAB04 : BSc(Hons) Economics and Mathematics with Study year abroad (Year 1)
  • UHES-AKB04 : BSc(Hons) Economics and Mathematics with Year long work placement (Year 1)
  • UHES-ACB04 : BSc(Hons) Economics and Mathematics with Combined Placement and Study Abroad (Year 1)
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 1)
  • UHES-AAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 1)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 1)
  • UHES-ACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 1)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 1)

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