Programme And Module Handbook
Course Details in 2016/17 Session

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Module Title LI Macroeconomics B
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 08 08338
Module Lead Ceri Davies
Level Intermediate Level
Credits 10
Semester Full Term
Co-requisites LI Macroeconomics A - (08 08336)
Restrictions Available to all students who have been allowed onto the second year of a degree programme for which it is compulsory or who have passed 08 11095/08 11096 Principles of Economics AB
Contact Hours Guided independent study-76 hours
Seminar-4 hours
Lecture-20 hours
Total: 100 hours

These linked modules are the intermediate macroeconomics modules. They consider theories of behaviour of the aggregate economy beyond the introductory Principles of Economics module. The main purpose of these modules 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

On completion of this 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 08338-01 : Overall Mark : Mixed (100%)
Assessment Methods & Exceptions 2 x 50 minute tests (10% each) 3 hour written examination (80%) Reassessment: 3 hour written examination (100%)
Other none
Reading List