This document outlines the aims, learning outcomes, content, and assessment of a macroeconomics module. The module aims to provide students with a comprehensive understanding of macroeconomics and a foundation for intermediate study. Key learning outcomes include evaluating aggregate economic activity, analyzing the composition of national income, and examining how institutions impact macroeconomic performance. The module content covers topics such as measuring the macro economy, equilibrium national income, monetary and fiscal policy, and economic fluctuations. Students are assessed through coursework and a final exam.
This document outlines the aims, learning outcomes, content, and assessment of a macroeconomics module. The module aims to provide students with a comprehensive understanding of macroeconomics and a foundation for intermediate study. Key learning outcomes include evaluating aggregate economic activity, analyzing the composition of national income, and examining how institutions impact macroeconomic performance. The module content covers topics such as measuring the macro economy, equilibrium national income, monetary and fiscal policy, and economic fluctuations. Students are assessed through coursework and a final exam.
This document outlines the aims, learning outcomes, content, and assessment of a macroeconomics module. The module aims to provide students with a comprehensive understanding of macroeconomics and a foundation for intermediate study. Key learning outcomes include evaluating aggregate economic activity, analyzing the composition of national income, and examining how institutions impact macroeconomic performance. The module content covers topics such as measuring the macro economy, equilibrium national income, monetary and fiscal policy, and economic fluctuations. Students are assessed through coursework and a final exam.
This document outlines the aims, learning outcomes, content, and assessment of a macroeconomics module. The module aims to provide students with a comprehensive understanding of macroeconomics and a foundation for intermediate study. Key learning outcomes include evaluating aggregate economic activity, analyzing the composition of national income, and examining how institutions impact macroeconomic performance. The module content covers topics such as measuring the macro economy, equilibrium national income, monetary and fiscal policy, and economic fluctuations. Students are assessed through coursework and a final exam.
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BEC4002: The Economy: Macroeconomics
The aim of the module is to provide students with a comprehensive understanding of
macroeconomics and a foundation for their study at the intermediate level.
Learning Outcomes
On successful completion of the module, a student should be able to:
• Evaluate aggregate economic activity • Analyse the composition of national income • Discuss the significance of the use of money for economic activity and inflation • Analyse the significance of international trade for the level of national income • Demonstrate understanding of the working of a modern capitalist economy • Examine how institutions differ among economies and how this impacts on macroeconomic performance
1.) Required reading
http://www.core-econ.org/
Parkin, Powell and Mattews (2017). Economics: European Edition. 10th Edition. Pearson
2.) Recommended Reading
Mankiw, N. G. (2015) Principles of Macroeconomics, 7th Edition. Cengage Learning.
3.) Indicative Content
• Measuring the macro economy
• The circular flow of income • Equilibrium national income • Unemployment • Technological change, population and economic growth • Credit, Banks and Money • Economic fluctuations and unemployment • Fiscal Policy • Monetary Policy • The nation in the world economy • The Great Depression, the golden age of capitalism and the Global Financial crisis. • Aggregate Demand – Aggregate Supply model
6.) Assessment a. Coursework, 50% of final grade. c. 2 hour exam, 50% of final grade
