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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2014/2015
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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Topics in Macroeconomics (ECNM10069)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 10 (Year 3 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThis course is designed to provide a coherent development of some important topics in macroeconomic analysis at a more advanced level than that of standard intermediate courses. It thus extends and deepens the work of Economics 1 and Economics 2, bridging the gap between intermediate and graduate level courses in economics, and providing insight into some recent areas of economic research activity. Throughout there is an emphasis on the application of economic principles.

The course has a mathematical content and knowledge of calculus is assumed.

The course is divided into two blocks. The first block covers the issue of time inconsistency in policy. It investigates the effect of time inconsistency and commitment instruments on the design and optimality of policies. We study several prominent areas of macroeconomics where time consistency matters, including monetary policy, fiscal policy, political dynamics, as well as government debt and default. The second block covers productivity differences across countries. Here we investigate to what extent the exogenous and endogenous accumulation of human and physical capital as well as technology explain differences in GDP per worker across the world. We also study the issue of structural transformation and its link to cross-country income differences.
Course description Not entered
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites Students MUST also take: Topics in Economic Analysis 1 (ECNM10050) AND Essentials of Econometrics (ECNM10052)
Prohibited Combinations Other requirements Economics Honours entry or permission of the course organiser.
Information for Visiting Students
Pre-requisitesVisiting students should usually have at least 3 Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in both Macroeconomics and Microeconomics. We will only consider University/College level courses.
Course Delivery Information
Academic year 2014/15, Available to all students (SV1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 30, Seminar/Tutorial Hours 8, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 156 )
Assessment (Further Info) Written Exam 70 %, Coursework 30 %, Practical Exam 0 %
Additional Information (Assessment) A 2 hour degree examination in April/May (70%), coursework (30%). The coursework assessment consists of a timed, assessed exercise (take-home assignment).
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)2:00
Resit Exam Diet (August)2:00
Learning Outcomes
After successful completion of this course students will have developed their understanding of core principles and models used in macroeconomic analysis, and related mathematical techniques, to a level appropriate for an advanced undergraduate.

General skills developed 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; presentation and communication skills; interpersonal and group skills; computer and IT skills; independent action and initiative; managing tasks and time; coping with stress.
Reading List
None
Additional Information
Graduate Attributes and Skills Not entered
Additional Class Delivery Information 3 lectures per week lasting 1 hour, 8 weekly tutorials lasting 1 hour to be arranged in addition.
KeywordsTiMacro
Contacts
Course organiserDr Jan Grobovsek
Tel: (0131 6)51 3005
Email: Jan.Grobovsek@ed.ac.uk
Course secretaryMs Dawn Hutcheon
Tel: (0131 6)51 5958
Email: Dawn.Hutcheon@ed.ac.uk
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