Programme And Module Handbook
Course Details in 2023/24 Session

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Module Title LI Macroeconomics
SchoolBirmingham Business School
Department Economics
Module Code 08 29189
Module Lead Ceri Davies and Gunes Bebek
Level Intermediate Level
Credits 20
Semester Semester 1
Restrictions Available to all students who have been allowed onto the second year of a degree programme for which it is a compulsory module or who have passed Principles of Economics
Contact Hours Lecture-40 hours
Seminar-6 hours
Guided independent study-154 hours
Total: 200 hours
Description This module is the intermediate macroeconomics modules. It considers theories of behaviour of the aggregate economy beyond the introductory Principles of Economics module. The main purpose of the module is to provide richer theoretical foundations for the study of macroeconomics in the short- and long-run and to equip students with the basic toolbox of macroeconomic analysis. The topics covered include: IS/LM and AD/AS in closed and open economies, inflation, unemployment, monetary policy, growth, fiscal policy and theories of consumption and investment. Issues arising from modern behavioural macroeconomics are also discussed.
Learning Outcomes By the end of the module students should be able to:
  • demonstrate knowledge and critical understanding of the concepts of ‘comparative static analysis’ and ‘dynamic macroeconomic equilibrium’;
  • use the theoretical models developed throughout the module to analyse the impact of shocks and macroeconomic policy on aggregate economic variables;
  • critically evaluate these theoretical models with reference to empirical evidence, including macroeconomic policy examples;
  • explain how macroeconomic relationships derive from the behaviour of individual economic agents (i.e., consumers, firms and policymakers).
Assessment 29189-01 : Test 1 : Class Test (25%)
29189-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
29189-05 : Test 2 : Class Test (25%)
Assessment Methods & Exceptions Assessment: Two Canvas MCQ tests (25% each), 2 hour examination (50%)
Reassessment: by failed element
Other Duplicate of Dubai-based module 08 30400
Reading List