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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2013/2014
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DRPS : Course Catalogue : School of Economics : Economics

Postgraduate Course: Intermediate Macroeconomics Intensive $ SGPE Summer School (ECNM11046)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Course typeStandard AvailabilityAvailable to all students
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) Credits0
Home subject areaEconomics Other subject areaNone
Course website None Taught in Gaelic?No
Course descriptionThis course is designed to develop a solid understanding of the core economic models and insights from intermediate macroeconomic syllabi in a two-week period. The course is structured as a combination of daily lectures and tutorials (exercise classes) with extra reading to prepare for each class. The work load is heavy and consistent, both to cover the material and to adapt students to the pace of a graduate course. Material covered includes the basics of national income and macroeconomic modelling; the determinants of long-run economic growth, inflation and unemployment; money and interest rates; public sector debts and deficits; and the role and influence of fiscal and monetary policy.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements All students enrolled on the Summer school MUST hold an offer for the MSc in Economics or MSc Economics(Finance) at the University of Edinburgh
Additional Costs None
Information for Visiting Students
Pre-requisitesSome Introductory macroeconomics, though in exceptional cases, students with no economics background may be admitted
Displayed in Visiting Students Prospectus?No
Course Delivery Information
Delivery period: 2013/14 Flexible, Available to all students (SV1) Learn enabled:  No Quota:  None
Web Timetable Web Timetable
Course Start Date 05/08/2013
Breakdown of Learning and Teaching activities (Further Info) Total Hours: 0 ( Lecture Hours 30, Seminar/Tutorial Hours 18, Formative Assessment Hours 6, Directed Learning and Independent Learning Hours 0 )
Additional Notes
Breakdown of Assessment Methods (Further Info) Written Exam 75 %, Coursework 25 %, Practical Exam 0 %
Exam Information
Exam Diet Paper Name Hours & Minutes
Outwith Standard Exam Diets August2:00
Summary of Intended Learning Outcomes
After successful completion of this course the student will have knowledge and understanding of the determinants of output, the analysis of economic growth, inflation and unemployment; money market; public sector debts and deficits; the role and influence of fiscal and monetary policy, and business cycles.
Assessment Information
Writing assignment (25%)
Class Exam (75%)
Special Arrangements
None
Additional Information
Academic description Not entered
Syllabus The course will be heavily based around the textbook in order to facilitate both self-study and group-learning. A tentative syllabus for the course will cover the following chapters of Mankiw&s Macroeconomics:

Day 1: Ch1 (The Science of Macroeconomics) & Ch2 (The Data of Macroeconomics)
Day 2: Ch3 (National Income: Where It Comes From and Where It Goes)
Day 3: Ch4 (Money and Inflation)
Day 4: Ch7 (Economic Growth I: Capital Accumulation and Population Growth)
Day 5: Ch8 (Economic Growth II: Technology, Empirics, and Policy)

End of week 1; weekend reading / writing assignment

Day 6: Ch9 (Introduction to Economic Fluctuations)
Day 7: Ch10 (Aggregate Demand I: Building the IS-LM Model)
Day 8: Ch11 (Aggregate Demand II: Applying the IS-LM Model)
Day 9: Ch13 (Aggregate Supply and the S-R Tradeoff Between Inflation and Unemployment)
Day 10: Ch16 (Consumption)
Transferable skills General skills developed during the course include: critical analysis and assessment; reasoning adaptably and systematically; problem-framing and problem-solving skills; numeracy and quantitative skills; obtaining and processing information from a variety sources; interpersonal and group skills; managing a consistently large workload; coping with stress.
Reading list Mankiw's Macroeconomics (7th ed., ISBN: 1429238127)
Study Abroad Not entered
Study Pattern Not entered
Keywordsintermediate macroeconomics, macroeconomic modelling, economic growth, inflation, unemployment, publ
Contacts
Course organiserProf Jonathan Thomas
Tel: (0131 6)50 4515
Email: Jonathan.Thomas@ed.ac.uk
Course secretaryMs Marie Craft
Tel: (0131 6)51 1764
Email: marie.craft@ed.ac.uk
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