Postgraduate Course: Macroeconomics 1 (ECNM11024)
|School||School of Economics
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Available to all students
|Summary||The aim of this module is to introduce you to the theoretical analysis of growth and income differences, consumption behaviour, labour markets and unemployment. By the end of the course 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)
||Other requirements|| Students should be registered for MSc Economics or MSc Economics (Finance). All other students must email email@example.com in advance to request permission.
|Additional Costs|| None
Information for Visiting Students
|Pre-requisites||Students should be registered for MSc Economics or MSc Economics (Finance). All other students must email firstname.lastname@example.org in advance to request permission.
|High Demand Course?
Course Delivery Information
|Academic year 2021/22, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 36,
Seminar/Tutorial Hours 18,
External Visit Hours 12,
Feedback/Feedforward Hours 14,
Formative Assessment Hours 3,
Summative Assessment Hours 3,
Revision Session Hours 5,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||There will be two exams: one in the December Diet (25%) and one in the April/May Diet (75%).
||Hours & Minutes
|Main Exam Diet S2 (April/May)||3:00|
|Main Exam Diet S1 (December)||3:00|
On completion of this course, the student will be able to:
- Outline and manipulate a number of basic theoretical models, derive and analyse the relevant policy conclusions implied by them, and refer to the available evidence.
- Develop and demonstrate research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
- Develop and demonstrate communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
- Develop and demonstrate personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
- Develop and demonstrate practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and interpretation of data
|For a course at this level there is no single core text. Main textbooks used are:|
Romer, Advanced Macroeconomics, McGraw Hill.
Heijdra, Foundations of Modern Macroeconomics, 2nd edition, Oxford University Press
Barro and Sala-i-Martin, Economic Growth, 2nd Edition, MIT Press
Acemoglu Introduction to Modern Economic Growth
Pissarides, Equilibrium Unemployment Theory, 2nd Edition, MIT Press
A useful but more advanced text is:
Ljungqvist and Sargent Recursive Macroeconomic Theory, 2nd Edition, MIT Press.
|Graduate Attributes and Skills
|Additional Class Delivery Information
||The course is divided into two sections:
-Economic growth and cross country income differences (16 hours)
-Consumption, labour markets and unemployment (20 hours)
|Course organiser||Dr Jan Grobovsek
Tel: (0131 6)51 3005
|Course secretary||Miss Sophie Bryan
Tel: (0131 6)50 9905