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ES50113: Applied macroeconomics

[Page last updated: 02 August 2022]

Academic Year: 2022/23
Owning Department/School: Department of Economics
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Semester 1
Assessment Summary: CW 30%, EX 70%
Assessment Detail:
  • Coursework (CW 30%)
  • Exam (EX 70%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
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.

Aims: The unit aims to introduce students to modern macroeconomic analytical frameworks and their application to the latest macroeconomic issues.

* 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.

Programme availability:

ES50113 is a Designated Essential Unit on the following programmes:

Department of Economics


  • This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
  • Programmes and units are subject to change in accordance with normal University procedures.
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