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

Undergraduate Handbook 2020-2021 (archived)

Module ECON2271: MACROECONOMIC APPLICATIONS AND POLICY

Department: Economics and Finance

ECON2271: MACROECONOMIC APPLICATIONS AND POLICY

Type	Level	Credits	Availability	Module Cap	Location
Tied	2	20	Not available in 2020/2021	None.	Durham

Tied To

Pre-requisites

â€¢ Macroeconomics 1 (ECONxxxx) OR Economic Theory 1

Corequisites

Macroeconomics 2 or Economic Theory 2

Excluded Combinations

None

Aims

To develop an understanding of topics relating to both the EU and Eurozone
To learn and critique theoretical topics that apply to real-world events.
To learn how to examine and critique relevant research papers.

Content

A range of material is treated at an intermediate level, with topics likely to include:
The evolution of European institutions
The formation and the completion of the customs union
Market size effects and competition policies in the EU
Dynamic effects: the growth effects of European integration
Labour mobility, international trade and the labour markets
Location effects, economic geography and regional policy
Towards a political union? Economic integration and the size of nations.
The costs of a common currency
A critique of OCA
The Fragility of Incomplete Monetary Unions
How to complete a Monetary Union
The European Central Bank and the conduct of Monetary Policy in the Euro area.

Learning Outcomes

Subject-specific Knowledge

Upon completion of the module, students should:
Have knowledge and understanding of the key theoretical and empirical issues relating to the EU and the Eurozone

Subject-specific Skills

Upon completion of the module, students should:
Be able to analyse real world problems relating to the EU and Eurozone from a theoretical and critical perspective.

Key Skills

Written Communication - by completing the formative and summative assignments
Planning, Organisation and Time Management- e.g. by preparing for examinations
Problem solving and Analysis - by applying the necessary analytical and quantitative skills to identify and empirically test theoretical relationships
Initiative - by collecting information for the exam, searching relevant literature and information in preparation for the summative assignment.
Numeracy - e.g. by applying an array of core mathematical-statistical skills to answer a range of examination questions;

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

Lectures provide an introduction to the key theoretical and empirical issues.
Seminars give the students an opportunity to discuss theoretical concepts and their applications.
Formative assessment is by means of a written test
Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total Hours
Lectures	20	1 per week	1 hour	20
Seminars	8	4 in term one and 4 in term 2	1 hour	8
Revision Session	2		1.5 hours	2
Preparation and Reading				170
Total				200

Summative Assessment

Component	Component Weighting	Element	Length/Duration	Element Weighting	Resit Opportunity
Examination	100%	One written examination	2 hours	100%

Formative Assessment

One class test

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.