THE UNIVERSITY of EDINBURGH
DEGREE REGULATIONS & PROGRAMMES OF STUDY 2009/2010
Macroeconomics 1 (P01216)
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.
? Pre-requisites : Must be registered for MSc Economics (C0180) & MSc Economics (Finance)(C0182) or by permission of the Programme Director
? Normal year taken : Postgraduate
? 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.
Class Exam 20%, Degree Exam 80%
Contact and Further Information
The Course Secretary should be the first point of contact for all enquiries.
Ms Marie Craft
Prof Andy Snell
School Website : http://www.ed.ac.uk/econ/
College Website : http://www.hss.ed.ac.uk/