THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2013/2014 -
- ARCHIVE as at 1 September 2013 for reference only
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DRPS : Course Catalogue : School of Economics : Economics

Postgraduate Course: Macroeconomics 1 (ECNM11024)

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) Credits20
Home subject areaEconomics Other subject areaNone
Course website http://www.sgpe.ac.uk/ Taught in Gaelic?No
Course descriptionThe aim of this module is to introduce you to the theoretical analysis of growth, economic fluctuations and the role of macroeconomics policy. By the end of the module you should be able to outline and manipulate a number of popular theoretical models, derive and analyse the relevant policy conclusions implied by them, and refer to the available evidence.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements Students should be registered for MSc Economics or MSc Economics (Finance). All other students must email sgpe@ed.ac.uk in advance to request permission.
Additional Costs None
Information for Visiting Students
Pre-requisitesStudents should be registered for MSc Economics or MSc Economics (Finance). All other students must email sgpe@ed.ac.uk in advance to request permission.
Displayed in Visiting Students Prospectus?Yes
Course Delivery Information
Delivery period: 2013/14 Semester 1, Available to all students (SV1) Learn enabled:  Yes Quota:  None
Web Timetable Web Timetable
Course Start Date 16/09/2013
Breakdown of Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 36, Seminar/Tutorial Hours 18, Supervised Practical/Workshop/Studio Hours 15, External Visit Hours 12, Feedback/Feedforward Hours 14, Formative Assessment Hours 3, Summative Assessment Hours 2, Revision Session Hours 5, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 91 )
Additional Notes
Breakdown of Assessment Methods (Further Info) Written Exam 90 %, Coursework 0 %, Practical Exam 10 %
Exam Information
Exam Diet Paper Name Hours:Minutes
Main Exam Diet S2 (April/May)2:00
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
The final examination in the April / May diet counts for 60 per cent of the total grade. 10 per cent of the final grade is made up from lab-based assessments. The remaining 30 per cent of the final grade comes from a three-hour class test in December.
Special Arrangements
None
Additional Information
Academic description Not entered
Syllabus Not entered
Transferable skills Not entered
Reading list Not entered
Study Abroad Not entered
Study Pattern Not entered
KeywordsNot entered
Contacts
Course organiserDr Richard Holt
Tel: (0131 6)50 8350
Email: Richard.Holt@ed.ac.uk
Course secretaryMs Marie Craft
Tel: (0131 6)51 1764
Email: marie.craft@ed.ac.uk
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