Registry
Module Specifications
Archived Version 2003 - 2004
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Module Aims
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The aim of this module is to equip students with a set of skills with which to understand, analyse, and evaluate macroeconomic phenomena, theories, and policymaking.
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Learning Outcomes
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The emphasis on the module is in enhancing students' analytical skills. They will learn how to use macroeconomic theory as a tool of analysis. They will also learn how to solve problems in the context of a lack of synergy between theory and reality.
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Indicative Time Allowances
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Hours
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Lectures |
24
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Tutorials |
0
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Laboratories |
0
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Seminars |
0
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Independent Learning Time |
51
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Total |
75
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Placements |
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Assignments |
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NOTE
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Assume that a 5 credit module load represents approximately 75 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module.
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Indicative Syllabus
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The following gives an outline of the syllabus along with a sample of case studies that will be discussed in class.
Key Concepts
An overview of the main concepts used in macroeconomics
Aggregate Demand and Supply
An outline of the main tools of analysis in macroeconomics and their application.
The Markets for Goods, Money and Labour
An assessment of the interaction of these markets under different institutional and historical scenarios.
The following are examples of the case studies covered in class. Other cases may be substituted as macroeconomic events unfold over the time in which the module is taught.
¿ Korea: the move from recession to growth
¿ The Czech Republic: the impact of devaluations
¿ USA: explaining persistent growth
Inflation and Unemployment
A model of inflation and unemployment.
¿ Reducing inflation in Portugal
¿ Finland: keeping real wages down
Public Debt
The budget deficit and deficit reducing methods.
¿ Greece: managing public debt under the Maastricht Treaty conditions
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| Assessment | | Continuous Assessment | 0% | Examination Weight | 100% |
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Indicative Reading List
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The reading for this module is based on a set of lecture notes made available at the beginning of the course. These are comprehensive and there is little need for students to consult additional texts. However, students who are having difficulties with the basic concepts might find the following text useful.
Parkin, M. and R. Bade, 1988. Modern Macroeconomics Herts: Phillip Allan, 2nd edition.
In order to familiarise themselves with developments in international macroeconomics, students should look at the first chapter of the latest biannual report of the International Monetary Fund. This is available at http://www.imf.org. OECD publications may also be referred to during lectures.
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Programme or List of Programmes
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| AF | BA in Accounting & Finance |
| BS | Bachelor of Business Studies |
| BSI | Business Studies ( with INTRA ) |
| IBLJ | BA in Inter. Business & Lang. (Japanese) |
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