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ES20014: Intermediate macroeconomics 2

[Page last updated: 20 April 2021]

Academic Year: 2021/2
Owning Department/School: Department of Economics
Credits: 6      [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Intermediate (FHEQ level 5)
Period:
Semester 2
Assessment Summary: CW 30%, EX 70%
Supplementary Assessment:
ES20014 - Resit Examination (where allowed by programme regulations)
Requisites: Before taking this module you must take ES20013
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: Analysis of the Ramsey model; 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.

Programme availability:
NB. Postgraduate programme information will be added when the postgraduate catalogues are published in August 2021

ES20014 is Compulsory on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 2)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 2)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 2)
  • UHES-AFB04 : BSc(Hons) Economics and Mathematics (Year 2)
  • UHES-AAB04 : BSc(Hons) Economics and Mathematics with Study year abroad (Year 2)
  • UHES-AKB04 : BSc(Hons) Economics and Mathematics with Year long work placement (Year 2)
  • UHES-ACB04 : BSc(Hons) Economics and Mathematics with Combined Placement and Study Abroad (Year 2)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 2)

ES20014 is Optional on the following programmes:

Department of Economics
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 2)
  • UHES-AAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 2)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 2)
  • UHES-ACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 2)
School of Management
  • UMMN-AFB02 : BSc(Hons) Accounting and Finance (Year 2)
  • UMMN-AKB02 : BSc(Hons) Accounting and Finance with Year long work placement (Year 2)

Notes:

  • This unit catalogue is applicable for the 2021/22 academic year only. Students continuing their studies into 2022/23 and beyond should not assume that this unit will be available in future years in the format displayed here for 2021/22.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.