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THE UNIVERSITY of EDINBURGHDEGREE REGULATIONS & PROGRAMMES OF STUDY 2007/2008
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Macroeconomics 1 (P01216)? Credit Points : 20 ? SCQF Level : 11 ? Acronym : MSE-P-MAC1 The aim of this course is to introduce students to the use of dynamic general equilibrium models to shed light on the key policy debates and empirical issues in macroeconomics. Entry Requirementsnone Subject AreasHome subject areaDelivery Information? Normal year taken : Postgraduate ? Delivery Period : Semester 1 (Blocks 1-2) ? Contact Teaching Time : 4 hour(s) per week for 10 weeks All of the following classes
Summary of Intended Learning Outcomes
Knowledge and understanding of the main aspects of the Classical, Keynesian (and New Keynsian), Monetarist and New Classical macromodels, focusing on explanations provided for macroeconomic fluctuations and policy effectiveness.
Knowledge and understanding of the stylized facts of long-run economic growth, of the models in which the driving forces of growth are both exogenously and endogenously determined and of the empirics of growth in the long-run. Knowledge and understanding of the relationship between real and nominal variables via the introduction of money in the New Classical (flexible price) and New Keynesian (sticky price) models and of policy problems including time inconsistency. Assessment Information
Class Exam 20%, Degree Exam 80%
Exam times
Contact and Further InformationThe Course Secretary should be the first point of contact for all enquiries. Course Secretary Ms Kay Cruickshank Course Organiser Prof Andy Snell School Website : http://www.man.ed.ac.uk/ College Website : http://www.hss.ed.ac.uk/ |
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