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Unit information: Intermediate Macroeconomics in 2021/22

Unit name Intermediate Macroeconomics
Unit code EFIM20034
Credit points 20
Level of study I/5
Teaching block(s) Teaching Block 4 (weeks 1-24)
Unit director Dr. Correia
Open unit status Not open

EFIM10025 Economics 1
EFIM10027 Economics 2



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

Description including Unit Aims

The course develops macroeconomic theory at an intermediate level. At the macroeconomic level it studies economic growth, modern consumption theory and a dynamic 3-equation macro framework that will allow students to achieve a deeper understanding of the determinants of key macro variables, long-run fiscal policy (including pensions systems), aggregate investment and modern theories of unemployment.

Intended Learning Outcomes

Students should be able:

[1] To formalise macroeconomic problems using models, interpreting the logical structure of how the assumptions lead to the conclusions;

[2] To analyse how economies work by using such models to address particular questions and answer policy issues;

[3] To compare and contrast different models and to evaluate them theoretically and empirically.

Teaching Information

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

Assessment Information

(1) MCQs (Best 3 from 6) (20%) (2) Essay in TB1 (1,000 words) (20%) (3) Essay in TB2 (1,000 words) (20%) (4) Exam (1.5 hours) (40%)


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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. EFIM20034).

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 Faculty workload statement relating to this unit for more information.

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. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.