Programme And Module Handbook
 
Course Details in 2021/22 Session


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Module Title LI Macroeconomics
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 08 29189
Module Lead Ceri Davies and Gunes Bebek
Level Intermediate Level
Credits 20
Semester Semester 1
Pre-requisites
Co-requisites
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
Exclusions
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 (75%)
Assessment Methods & Exceptions Assessments: 45 minute test (25%), 3 hour written examination (75%)

Reassessment: 3 hour written examination (100%)
Other Duplicate of Dubai-based module 08 30400
Reading List