EC9D5: Macroeconomics B
Arthur Galichere
Module Leader
Introduction
EC9D5-30 Macroeconomics B
Principal Aims
Students will have had the opportunity to develop a rigorous understanding of the principles of macroeconomic analysis and some important applications.
Principal Learning Outcomes
Subject Knowledge and Understanding:...have a rigorous understanding of the theoretical foundations of macroeconomic analysis.
Subject-specific Skills/Professional Skills:...demonstrate a rigorous understanding of how modern macroeconomic models relate to policy and empirical evidence.
Cognitive Skills:...demonstrate a rigorous and critical understanding of growth and modern macroeconomics.
Syllabus
This module covers the two main branches of Macroeconomics: Business Cycles and Economic Growth. It introduces key facts, models, and methods used to analyse short-run fluctuations and long-run development.
The syllabus includes, but is not limited to, the following topics:
Part 1: Business Cycles
Introduction to business cycle facts and main economic questions
Dynamic optimisation in discrete time
Households' behaviour: consumption and saving
Firms' decisions: investment, profits, and dividend policy
The Real Business Cycle (RBC) model: structure and performance
Introduction to solving and simulating macroeconomic models
Part 2: Economic Growth
Key facts and questions in the study of long-run growth
The Solow model, convergence, and growth accounting
The Overlapping Generations (OLG) model
Endogenous growth theory: AK models, technical change, and R&D
The relationship between inequality, poverty, and growth
Deep determinants of development
Context
- Optional Core Module
- L1P6 - Year 1, L1P7 - Year 1
- Optional Module
- G30B - Year 4
- Pre or Co-requisites
- The module demands a deep understanding of core undergraduate macroeconomic principles.
Assessment
- Assessment Method
- Coursework (20%) + Centrally-timetabled examination (On-campus) (80%)
- Coursework Details
- Centrally-timetabled examination (On-campus) (80%) , Test 1 Macro B (10%) , Test 2 Macro B (10%)
- Exam Timing
- January