Unit name | Macroeconomics |
---|---|
Unit code | ECONM1011 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
Unit director | Professor. Hu |
Open unit status | Not open |
Pre-requisites |
None |
Co-requisites |
ECONM1010 |
School/department | School of Economics |
Faculty | Faculty of Social Sciences and Law |
This unit provides an introduction to modern macroeconomic theory and analysis.
Macroeconomics is concerned with aggregate economic outcomes such as GDP, consumption, and unemployment. It requires an understanding of the behaviour of individuals and firms, and how their decisions influence (and are influenced by) aggregate outcomes. For the analysis of macroeconomic policy decisions, it is important to recognise the constraints on policy-makers, and the important role played by expectations.
The unit provides an introduction to the relevant models and methods, but also emphasizes the importance of an intuitive understanding of the key ideas.
By the end of the unit:
Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities
timed open book assessment
David Romer (2012). Advanced Macroeconomics (fourth edition). McGraw-Hill, New York.
Bagliano, Fabio-Cesare and Bertola, Giuseppe (2004). Models for Dynamic Macroeconomics. Oxford University Press, Oxford.
Various journal articles, updated each year.