This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.

Undergraduate Handbook 2006-2007 (archived)

Module ECON3211: ADVANCED MACROECONOMIC THEORY

Department: ECONOMICS FINANCE AND BUSINESS (ECONOMICS AND FINANCE)

ECON3211: ADVANCED MACROECONOMIC THEORY

Type	Level	Credits	Availability	Module Cap	Location
Open	3	20	Available in 2006/2007	None.	Durham

Pre-requisites

Economic Principles I: Macroeconomics (ECON2011) AND Economic Data Analysis (ECON2061).

Corequisites

None.

Excluded Combinations

None.

Aims

To develop knowledge and analytical skills in advanced macroeconomic theory, by building on the second-year macroeconomics module
To provide students with the opportunity to participate in student-centred learning drawing on recent research
To offer students the opportunity to develop some key skills

Content

Theoretical foundations of recursive macroeconomic theory with applications to government fiscal and monetary policy, economic growth, and business cycles.
The course will give students training in a) reading advance research contributions, b) formulating own research questions, c) solving economic problems at an advanced level.
The students will develop skills necessary for conducting research at advanced level.
Topics for the module will be chosen from the following list: continuous-time growth models, discrete-time growth models, overlapping-generations models, endogenous growth, stochastic models, equilibrium business cycle theory, models with money, heterogeneous agents, political-economy models.

Learning Outcomes

Subject-specific Knowledge

At the end of the module the students should: be able to understand research contributions in macroeconomics (journal publications).
have had the opportunity to formulate their own research questions.

Subject-specific Skills

be able to solve macroeconomic problems at an advanced level.

Key Skills

Written communication -through summative assessment.
Planning, organisation and time management - e.g. by preparing for classes; observing the strict assignment deadlines; downloading before the relevant lectures any OHPs from DUO; revising relevant material before lectures; preparing for examinations.
Problem solving and analysis - e.g. by preparing for examinations

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

Teaching is by lectures, tutorials and support for student-centred learning. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes and private study (inlcuding student-centred learning). Formative assessment is by means of one problem solving exercise. Summative assessment is by means of an unseen written examination of two and a quarter hours duration.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total Hours
Lectures	22	1 Per Week	1 Hour	22
Seminars	8	Fortnightly	1 Hour	8
Student Centred Learning	4			4
Preparation and Reading				166
Total				200

Summative Assessment

Component	Component Weighting	Element	Length/Duration	Element Weighting	Resit Opportunity
Examination	100%	two-and-one-quarter-hour examination in May/June		100%

Formative Assessment

One 1500 word essay

Students who do not attend monitored activities shown under Teaching Methods and Learning Hours, or who fail to complete the summative or formative assessment(s) specified above, may be subject to the Academic Progress procedures defined in the University's General Regulation V, and may be required to leave the University.