THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2009/2010
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Home : College of Humanities and Social Science : School of Economics (Schedule W) : Economics

Archived Version

The Degree Regulations and Programmes of Study has been formulated as a dynamic online publication in order to provide the most up to date information possible. Master versions of the Degree Regulations and Programmes of Study incorporating all changes to date are archived twice a year on 1 September and within the first three University working days prior to the start of Semester 2 in January. Please note that some of the data recorded about this course has been amended since the last master version was archived. That version should be consulted to determine the changes made.

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Macroeconomics 1 (P01216)

? Credit Points : 20  ? SCQF Level : 11  ? Acronym : ECN-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 Requirements

? Pre-requisites : Must be registered for MSc Economics (C0180) & MSc Economics (Finance)(C0182) or by permission of the Programme Director

Subject Areas

Delivery 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

Type Day Start End Area
Lecture Wednesday 10:00 12:00 Central
Lecture Wednesday 14:00 15:50 Central

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

Diet Diet Month Paper Code Paper Name Length
1ST May 1 - 2 hour(s)

Contact and Further Information

The Course Secretary should be the first point of contact for all enquiries.

Course Secretary

Ms Marie Craft
Tel : (0131 6)51 1764
Email : Marie.Craft@ed.ac.uk

Course Organiser

Prof Andy Snell
Tel : (0131 6)50 3848
Email : a.j.snell@ed.ac.uk

School Website : http://www.ed.ac.uk/econ/

College Website : http://www.hss.ed.ac.uk/

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