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ES50113: Applied macroeconomics

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
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: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework 1 (CW 30%)
  • Coursework 2 (CW 70%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Description: Aims:
The unit aims to introduce students to modern macroeconomic analytical frameworks and their application to the latest macroeconomic issues.

Learning Outcomes:
At the end of the unit students should be able to:
* Evaluate analytically a range of macroeconomic models and their implications for macroeconomic policy;
* Understand how macroeconomic models can be used to understand topical economic issues and suggest policy responses.


* Develop rigorous arguments through precise use of concepts and analytical frameworks (Taught/Facilitated/Assessed);
* Employ analytical tools to solve macroeconomic models (T/F/A);
* Use a range of macroeconomic models to design macroeconomic policy.


* Microfoundations of macroeconomic theory;
* Nominal rigidities and monopolistic competition;
* Financial intermediation;
* Fiscal policy and budget deficit;
* Monetary policy and inflation.
Further information on programme availabilityProgramme availability:

ES50113 is a Designated Essential Unit on the following programmes:

Department of Economics


  • This unit catalogue is applicable for the 2020/21 academic year only. Students continuing their studies into 2021/22 and beyond should not assume that this unit will be available in future years in the format displayed here for 2020/21.
  • Programmes and units are subject to change in accordance with normal University procedures.
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