Undergraduate Course: Topics in Macroeconomics (ECNM10069)
|School||School of Economics
||College||College of Humanities and Social Science
|Credit level (Normal year taken)||SCQF Level 10 (Year 3 Undergraduate)
||Availability||Available to all students
|Summary||This 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.
Topics covered are likely to be drawn from: dynamic models of unemployment and the macro-economy, international macroeconomics, the economics of banking, labour economics.
The course is taught through a programme of lectures and tutorials. Learning-by-doing, through exercise sets, is an important ingredient of the course.
Information for Visiting Students
|Pre-requisites||Visiting students should usually have an equivalent of at least 4 semester-long Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); and Probability and Statistics. If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required.
|High Demand Course?
Course Delivery Information
|Academic year 2017/18, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 20,
Seminar/Tutorial Hours 13.5,
Summative Assessment Hours 4,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||A 2 hour degree examination in April/May (80%), an MCQ class examination in week 6 of Semester 2 (10%) and an MCQ class examination in week 11 of Semester 2 (10%).
||Marks and generic feedback will be available on the MCQs within 15 working days of exam.
||Hours & Minutes
|Main Exam Diet S2 (April/May)||Topics in Macroeconomics||2:00|
On completion of this course, the student will be able to:
- A knowledge and understanding of principles and models used in macroeconomic analysis and associated mathematical and statistical techniques, along with applications and policy implications of those models.
- Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
- Communication skills in order to critique, create and communicate understanding.
- Personal effectiveness through task-management, time-management, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
- Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
|For the first part of the course, we will make use of Romer, D., (2010), 'Advanced Macroeconomics', McGraw Hill.|
For the second part of the course there is no single textbook that covers this material at the undergraduate level. Having said that, students might find parts of the following books helpful for wider reading:
George Borjas, Labor Economics, McGraw-Hill. Any edition since the 3rd (2005) is fine. This is a basic undergraduate labour economics text.
Richard Layard, Stephen Nickell, and Richard Jackman, The Unemployment Crisis, Oxford University Press, (1994). An introduction to the analysis of the European unemployment problem that arose in the 1980s.
Christopher Pissarides, Equilibrium Unemployment Theory, MIT Press, (2000). For students who want to preview a graduate-level treatment of search and matching models.
|Graduate Attributes and Skills
||See Learning Outcomes
|Additional Class Delivery Information
||2 lectures per week lasting 1 hour, 9 weekly tutorials lasting 1.5 hours to be arranged in addition.
|Course organiser||Mr Rafael Lopes De Melo
Tel: (0131 6)51 5937
|Course secretary||Ms Dawn Everett
Tel: (0131 6)51 5958