Department of Economics & International Development, Unit Catalogue 2008/09 |
EC20170 Intermediate macroeconomics 2 |
| Credits: 6 |
| Level: Intermediate |
| Semester: 2 |
| Assessment: CW 30%, EX 70% |
| Requisites: |
| Before taking this unit you must take EC20011 |
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Aims:
* To develop further students' understanding of macroeconomic theory. * To use macroeconomic models to interpret policy problems and questions. * To be aware of the main contributions of the leading schools of macroeconomic thought. * To be introduced to economic dynamics and the related equilibrium concepts. * To use the knowledge gained to study Macroeconomics at an advanced level. Learning Outcomes: At the end of the course unit, students should be able to: * Understand, manipulate and use for policy analysis a series of dynamic economic models. * Use their knowledge of theory to interpret problems in macroeconomic policy making. * Solve problems under exam conditions from the material taught in the lectures and classes. Skills: Use and analysis of economic data; problem-solving; expressing understanding of macroeconomic theory and policy in written form through an end-of-semester examination and coursework. Content: Economic dynamics; phase and cobweb diagrams; dynamic equilibrium concepts; growth theory; dynamics of the wealth distribution; theories of involuntary unemployment; alternative theories of the consumption function; determinants of investment spending. Key texts: Blanchard, O. (2006), Macroeconomics (4th edition), PrenticeHall; Gärtner, M. (2003), Macroeconomics, PrenticeHall. |