Skip to main content

Unit information: MRes Macroeconomics 1 in 2023/24

Unit name MRes Macroeconomics 1
Unit code EFIMM0020
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Professor. Yazici
Open unit status Not open
Units you must take before you take this one (pre-requisite units)

None

Units you must take alongside this one (co-requisite units)

MRes Mathematics for Economics

Units you may not take alongside this one

None

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Unit Information

This unit aims to introduce modern models and essential tools for research in Macroeconomics.

These topics will include dynamic optimization, with application to optimal capital accumulation models, and recursive equilibrium, with applications to understand fiscal policies.

The unit aims to build in students the ability to know, understand and evaluate these tools and to apply them when undertaking novel research.

Your learning on this unit

A successful student will

1. Have good understanding of basic concepts in macroeconomics;

2. Master fundamental analytic paradigms in modern Macro rigorously;

3. Be able to access the journal articles first-hand, to evaluate them critically and to start independent research projects at basic levels.

How you will learn

Teaching will be delivered through a combination of large and small group classes, supported by online resources

How you will be assessed

Tasks which help you learn and prepare you for summative tasks (formative):

Weekly homework exercises

Tasks which count towards your unit mark (summative):

Exam, 3 hours. Worth 85% of unit mark. Assesses ILOs 1-3.
Coursework, approx. 600 words. Worth 15% of the unit mark. Assesses ILOs 1-3.

When assessment does not go to plan

Exam, 3 hours. Assesses ILOs 1-3.

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0020).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the University Workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

Feedback