Postgraduate Programme and Module Handbook 2012-2013 (archived)

Module ECON41715: ADVANCED MACROECONOMICS

Department: Business School (Economics and Finance)

ECON41715: ADVANCED MACROECONOMICS

Type	Tied	Level	4	Credits	15	Availability	Available in 2012/13

Tied to	L1K109

Prerequisites

None

Corequisites

None

Excluded Combination of Modules

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
Lectures	19	1 per week	1 hour	19
Practical classes	8		1 hour	8	■
Preparation & Reading				121
Revision Sessions	2		1 hour	2
Total				150

Summative Assessment

Component: Examination		Component Weighting: 100%
Element	Length / duration	Element Weighting	Resit Opportunity
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.

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University