Undergraduate Programme and Module Handbook 2024-2025
Module ECON2271: MACROECONOMIC APPLICATIONS AND POLICY
Department: Economics
ECON2271: MACROECONOMIC APPLICATIONS AND POLICY
| Type | Tied | Level | 2 | Credits | 20 | Availability | Available in 2024/2025 | Module Cap | None. | Location | Durham |
|---|
| Tied to | L100 |
|---|---|
| Tied to | L106 |
| Tied to | L109 |
| Tied to | L103 |
| Tied to | L104 |
| Tied to | L105 |
| Tied to | LL12 |
| Tied to | LL02 |
| Tied to | LL01 |
| Tied to | L1R1 |
| Tied to | VL52 |
| Tied to | VLL6 |
| Tied to | VLLA |
| Tied to | CFG0 |
| Tied to | CFC0 |
| Tied to | FGC0 |
| Tied to | LA01 |
| Tied to | LA02 |
| Tied to | LA03 |
| Tied to | LMVA |
| Tied to | LMV0 |
Prerequisites
- For the academic year 2024/2025: Principles of Economics (ECON1011). For the academic year 2025/2026 onwards: Principles of Economics (ECON1011) and EITHER Economic Methods (ECON1021) OR Calculus I (MATH1061) AND Linear Algebra I (MATH1071) AND Probability I (MATH1597) AND Statistics I (MATH1617)
Corequisites
- None
Excluded Combination of Modules
- None
Aims
- To develop a critical understanding of the application of macroeconomic theories to real-world events.
- To learn how to examine and critique relevant research papers.
Content
- The content will be topics of contemporary interest such as:
- Economic Integration and Economic Geography
- International Monetary System
- Optimal Currency Areas
- Financial Globalisation
- The Economics of Growth and Development
Learning Outcomes
Subject-specific Knowledge:
- Upon completion of the module, students should:
- Have developed a critical appreciation of the degree to which macroeconomic theories can be used to analyse and develop solutions for real world problems.
Subject-specific Skills:
- Upon completion of the module, students should:
- Be able to use macroeconomic theory to analyse real world problems.
- To be able to examine and critique macroeconomic research papers.
Key Skills:
- Written Communication - by completing the formative assignment
- Planning, Organisation and Time Management- e.g. by preparing for seminars and 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 exam
- 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
- Learning takes place through attendance at lectures, preparation for and participation in seminars and private study.
- Lectures introduce 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 1 and 4 in term 2 | 1 hour | 8 | ■ |
| Revision Session | 2 | 1 hour | 2 | ||
| Preparation and Reading | 170 | ||||
| Total | 200 |
Summative Assessment
| Component: Examination | Component Weighting: 100% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One in-person written examination | 2 hours | 100% | Same |
Formative Assessment:
One written piece of work to prepare students for the summative examination.
■ 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