This module builds on the introductory macroeconomic module to provide an intermediate course that takes account of the policy issues and controversies in the application and understanding of microeconomic issues. It introduces the fundamental theoretical foundations of macroeconomics, in particular the microeconomic foundations of macroeconomics. Importantly, it considers how to collect and use economic evidence, history and data to understand macroeconomic behaviour, issues, debates and policies.
We consider the role of the financial system in the macroeconomy and the causes behind some financial crises. Particular focus is given to the 2008/09 global financial crisis. Alternative views of macroeconomic phenomena are considered throughout.
Directed learning time 200 hours
Private study time 100 hours
Total study hours: 300 hours
Only available on Economics BSc (Professional Economist) course
VLE Quiz 1 (50 minutes) (15%)
VLE Quiz 2 (50 minutes) (15%)
Take Home Examination, 3 hours (70%)
If the overall module mark is a fail, reassessments in failed assessments are taken again in the following trimester, in order to achieve the overall pass mark of 40%.
• Burda and Wyplosz, Macroeconomics (5th or 6th ed.), OUP, 2009 or 2013
• Chamberlin and Yueh, Macroeconomics, Thomson, 2006
• Mishkin, Macroeconomics, Pearson, 2012
• Jones, Macroeconomics (3rd ed.), Norton, 2014
• Mankiw, Macroeconomics (8th ed.), Macmillan, 2013
See the library reading list for this module (Canterbury)
On successfully completing the module students will be able to:
8.1 Solve simple models of the macroeconomy
8.2 Abstract, analyse and interpret the essential features of macroeconomic models and their application in modern policy contexts
8.3 Demonstrate analytical skills and their application to contemporary macroeconomic issues
8.4 Engage critically with macroeconomic issues and macroeconomic policy formation using empirical evidence
8.5 Understand the interrelationships between different macroeconomic policies
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