This module introduces you to monetary and macroeconomic issues from a theoretical perspective. The following topics are considered:
• Structural macro and monetary modelling
• Reduced form macro and monetary modelling
• Short-run analysis of the aggregate economy
• Long-run analysis of the aggregate economy
• Policy interventions
Total contact hours: 14
Private study hours: 136
Total study hours: 150
This module is optional on all Single and Joint Honours degree programmes in Economics.
This module is not available to students across other degree programmes in the University.
Method of assessment
Moodle Quiz, (45 minutes) (20%)
Examination, 2 hours (80%)
Reassessment Instrument: 100% exam
Bénassy, Jean-Pascal. (2011) Macroeconomic Theory. Oxford University Press.
Jones, C. (2015) Macroeconomics (International Edition), Norton.
Mishkin, F. (2016), The Economics of Money, Banking and Financial Markets (11th Global Edition), Pearson.
See the library reading list for this module (Canterbury)
Subject specific learning outcomes. By the end of the module, you will be able to:
* understand, analyse and critically evaluate monetary and macroeconomic issues.
* understand the issues involved in developing a modern, effective framework for conducting macroeconomic policy.
* synthesise and critically compare different economic analyses of a macroeconomic issue.
* distinguish between structural and reduced form modelling in macroeconomics.
* demonstrate critical understanding of the role of assumptions in macro and monetary modelling.
Generic learning outcomes. By the end of the module, you will be able to:
* reflect critically on the application of economic models to real-world problems
* critically review a body of literature for arguments or evidence pertaining to an economic question, and draw conclusions from it
* retrieve, review and utilise information from a variety of sources
* communicate coherent economic arguments verbally and in writing
* plan work and study independently.
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Credit level 6. Higher level module usually taken in Stage 3 of an undergraduate degree.
- ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
- The named convenor is the convenor for the current academic session.
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