Programme And Module Handbook
Course Details in 2019/20 Session

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Module Title LI Microfoundations of Macroeconomics
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 08 08332
Module Lead Kamilya Suleymenova
Level Intermediate Level
Credits 10
Semester Semester 1
Restrictions Available to all students who have progressed onto the second year of a degree programme in the Department of Economics or who have passed 08 11095/08 11096 Principles of Economics AB
Contact Hours Lecture-18 hours
Seminar-5 hours
Guided independent study-77 hours
Total: 100 hours
Exclusions none
Description This course employs simple conceptual examples from microeconomics to highlight the link between microeconomics and modern business cycle theory. We use examples to analyse the optimum responses of economic agents to shocks to their economic environment, and thereby create a simple model that mimics some stylized facts typically observed during the business cycle. Topics such as inter-temporal household behaviour, macroeconomic coordination failure, wage and employment bargaining between industry and labour unions, job search and unemployment will be studied.
Learning Outcomes By the end of the module the student should be able to:
  • Demonstrate understanding of the basic theory of intertemporal choice
  • Apply this theory to choices of consumption, leisure and work
  • Show how these elements can be combined to produce a model that mimics fluctuations in economic variables over the business cycle
Assessment 08332-01 : Test : Class Test (50%)
08332-07 : coursework : Coursework (50%)
Assessment Methods & Exceptions Assessment: 1 - hour test (50%), 1200 word coursework (50%)
Reassessment: 2 hour examination (100%
Other Duplicate of Dubai-based module 08 30404
Reading List “Macroeconomics” by Williamson S.D.