Course Details in 2024/25 Session

Module Title	LI Introduction to Macroeconomics
School	Mathematics
Department	Mathematics
Module Code	06 31313
Module Lead	Yin Jing
Level	Intermediate Level
Credits	10
Semester	Semester 1
Pre-requisites
Co-requisites
Restrictions	Available only to students on the JI dual degree pro-grammes
Exclusions
Description	This is an introductory course on macroeconomics which consists of core concepts, fundamental theories, rudimental models as well as their application. Students are expected to understand, by the end of this course, the driving forces for economic growth, the reasons behind economic fluctuations, macro policy tools both in a closed economy and an open economy, and to be aware of puzzles remaining unsolved. Topics include: measuring the economy, growth and pro-duction, the monetary system and financial institutions, ag-gregate demand and supply, monetary and fiscal policies and their impacts on the economy, and open-economy pol-icies. The monetary system and aggregate demand and supply models are fundamental to the understanding of the macro-economy and macro-economic policies. Students are given opportunities to derive the models and practice them. Delivery methods are lectures ,small group tutorials, case study and group presentation. Students conduct case studies based on information from news media.
Learning Outcomes	By the end of the module students should be able to: Understand the driving force for economic growth Understand the reasons behind economic fluctuations Know the science for macro policy tools both in a closed economy and an open economy Know the puzzles remaining unsolved. Apply the macroeconomics models to practical use..
Assessment
Assessment Methods & Exceptions	Assesment: Assignments/projects (15%) Online Quizzes (15%) In-class Quizzes (10%) Final exam (60%): a 2 hour examination Reassessment (where allowed): a 2 hour resit examination (100%).
Other
Reading List