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 30404
Module Lead TBC
Level Intermediate Level
Credits 10
Semester
Pre-requisites
Co-requisites
Restrictions Modules is available to students studying in Dubai. Students on degree programmes outside economics for which this module is an option on their degree programme must also have passed Principles of Economics.
Contact Hours Lecture-30 hours
Guided independent study-70 hours
Total: 100 hours
Exclusions
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 students 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 30404-01 : 2 Hour Examination : Exam (Centrally Timetabled) - Written Unseen (100%)
Assessment Methods & Exceptions Assessment: 2-hour examination (100%)
Reassessment: 2-hour examination (100%)
Other Duplicate of Bham-based module 08 08332
Reading List