This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Postgraduate Handbook 2012-2013 (archived)
Module ECON41715: ADVANCED MACROECONOMICS
Department: Business School (Economics and Finance)
ECON41715: ADVANCED MACROECONOMICS
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Tied | 4 | 15 | Available in 2012/2013 | Durham |
Tied To
Pre-requisites
- None
Corequisites
- None
Excluded Combinations
- None
Aims
- To develop knowledge and analytical skills in advanced macroeconomics.
Content
- Topics will be drawn primarily from the following:
- Continuous time growth models;
- Policy in continuous time growth models;
- Discrete time growth models;
- Overlapping generations models;
- Endogenous growth;
- Uncertainty and expectations;
- Equilibrium business cycle theory;
- Monetary economics;
- Models with heterogeneous agents;
- Indivisible labour in dynamic economies.
Learning Outcomes
Subject-specific Knowledge
- be able to interpret scholarly literature in advanced macroeconomics;
- have sufficient familiarity with the relevant current academic literature to identify open questions for their own research.
Subject-specific Skills
- be able to apply problem-solving and analytical skills to complex issues in macroeconomics.
Key Skills
- Written Communication;
- Planning, Organising and Time Management;
- Problem Solving and Analysis;
- Using Initiative;
- Numeracy;
- Computer Literacy.
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Lectures will present the topics in detail, give suggestions for further reading, give guidance for the problems for the seminars, and give students the necessary knowledge to read and understand the relevant scholarly literature.
- In the seminars students will be encouraged to actively participate and solve problems. The seminars will train the students to solve analytical problems in economic theory, as well as giving students the opportunity to identify research questions. The written exam will test students' ability to solve advance analytical problems in macroeconomic theory.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total Hours | Attendance Monitored |
|---|---|---|---|---|---|
| Lectures | 19 | 1 per week | 1 hour | 19 | |
| Practical classes | 8 | 1 hour | 8 | Yes | |
| Preparation & Reading | 121 | ||||
| Revision Sessions | 2 | 1 hour | 2 | ||
| Total | 150 |
Summative Assessment
| Component | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Examination | 100% | Unseen written examination | 2 hours | 100% |
Formative Assessment
Students will receive written comments on a formative written assignment. Additional formative assessment and feedback, may take a number of forms such as oral feedback on work prepared by students for seminars; answers to questions either discussed during a seminar, or posted on DUO; discussions with teaching staff during consultation hours, or via e-mail.
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.