Introduction To Advanced Macroeconomics
Introduction To Advanced Macroeconomics
Introduction To Advanced Macroeconomics
BBS_6_AMA
School of Business
2016/17
Level 6
Table of Contents
1. Module Details ................................................................................................................................ 3
2. Short Description ............................................................................................................................. 3
3. Aims of the Module ......................................................................................................................... 3
4. Learning Outcomes ......................................................................................................................... 4
4.1 Knowledge and Understanding ....................................................... Error! Bookmark not defined.
4.2 Intellectual Skills .............................................................................. Error! Bookmark not defined.
4.3 Practical Skills ................................................................................. Error! Bookmark not defined.
4.4 Transferable Skills ........................................................................... Error! Bookmark not defined.
5. Assessment of the Module .............................................................................................................. 4
6. Feedback ........................................................................................................................................ 4
7. Introduction to Studying the Module ............................................................................................... 5
7.1 Overview of the Main Content ......................................................................................................... 5
7.2 Overview of Types of Classes ........................................................................................................ 5
7.3 Importance of Student Self-Managed Learning Time ..................................................................... 5
7.4 Employability ................................................................................................................................... 6
8. The Programme of Teaching, Learning and Assessment .............................................................. 6
9. Student Evaluation .......................................................................................................................... 6
10. Learning Resources ........................................................................................................................ 6
Reading List .............................................................................................................................................. 6
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1. MODULE DETAILS
2. SHORT DESCRIPTION
This module builds Intermediate Macroeconomics at level 5 inasmuch as the concepts of the
short-run and the medium term are taken as understood by the student. We now proceed to look
at the economy in the long-run and focus on two main areas: theoretical growth models and how
they fare under scrutiny when compared to the real world round about us; and economic
fluctuations where we look at the Keynesian view of the world (in its different manifestations) and
the view of the world espoused by the New Classical School and specifically the Real Business
Cycle. Again real world evidence is brought to bear on this area.
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4. LEARNING OUTCOMES
4.1 Knowledge and Understanding:
Demonstrate an understanding of the basic Solow growth model using a formal mathematical
model
Demonstrate an understanding and an ability to extend the basic model by consideration of both
exogenous and endogenous factors
Understand and explain the various theories as regards the business cycles
A minimum average mark of 40% overall must be achieved to pass the module, with no element,
(examination or coursework) less than 30%.
6. FEEDBACK
Please see the feedback dates above. Students who wish individual one-to-one feedback should
simply email the Module leader, Dr Luke, to arrange this.
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7. INTRODUCTION TO STUDYING THE MODULE
Lectures will provide students with a formal outline of the topic using PowerPoint slides.
Slides along with supporting lecture notes will be made available to all students and
students will be given guidance on further reading.
Seminars will take the form of a brief review of the previous week’s lecture slides. Case
studies will involve small-group discussion of an article on a topical issue which seeks to
apply theory to current developments and issues. Students will be encouraged to discuss
and debate the issues within the seminar.
Where appropriate, students are also expected to download the relevant seminar
questions and study them in advance of each seminar, in order to derive maximum
benefit from seminar time. The programme of teaching, learning and assessment gives
guidance on the textbook reading required for each week, the purpose of which is to
encourage further reading both on and around the topic.
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7.4 Employability
Mastery of this module will enhance the student’s prospects for gaining employment in
consultancy firms, research institutes, government ministries which require a broad macro sweep
of the economy where the aim is both to understand the complexities of modern economies and
to assist in making macro-economic forecasts.
9. STUDENT EVALUATION
This is the first year the module has run and there is no student evaluation from previous years
ADDITIONAL READING:
Romer, David (2006) Third Edition. Advanced Macroeconomics, McGraw-Hill
Scarth, William (2010) Third Edition, Macroeconomics: An Introduction To Advanced
Methods