Courses / Module

• Explain key concepts relating to areas of macroeconomic analysis such as the role of expectations, the open economy, depressions and slumps, macroeconomic policy rules.
• Demonstrate the role played by expectations in determining economic activity and how accounting for expectations changes the way in which the macroeconomy is modeled.
• Recognise the implications of openness for macroeconomic equilibrium and the operation of macroeconomic policies.
• Analyse the implications of different exchange rate arrangements for the effectiveness of monetary and fiscal policies.
• Explain why depressions, slumps and hyperinflations occur and the available policy responses to such conditions.
• Demonstrate an understanding of the types of rules that commonly govern the operation of fiscal and monetary policies.

• 24 lecture hours; 8 workshop hours

• Module Graded (numeric value) or Ungraded (Pass/Not Passed): Graded
• Continuous Assessment detail(s): 30% continuous assessment

• Pass standard: 40%
• Could the result of this module be capped? No
• 40%.
• Penalties: No late assignment will be graded. Please consult the relevant year handbook for details of deadlines and penalties.

• 1 ½ hour written exam; any continuous assessment mark will be carried over.
• University scheduled written examination (Autumn): 90 minutes

• EC202A or equivalent

This timetable is not currently available, please contact the Economics,finance & Accounting Department.