Postgraduate Course: Intensive Intermediate Macroeconomics (Pre-sessional) (ECNM11096)
Course Outline
| 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 |
| SCQF Credits | 0 |
ECTS Credits | 0 |
| Summary | This course covers what one would encounter in a typical intermediate undergraduate macroeconomics course. The 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 and the role and influence of economic policy. |
| Course description |
This 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. In this course students will discover how economies grow, why some countries have high inflation while others maintain stable prices, and why all countries have positive unemployment rates and sometimes experience recessions.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
| Pre-requisites | Some Introductory macroeconomics, though in exceptional cases, students with no economics background may be admitted |
| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2024/25, Available to all students (SV1)
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Quota: None |
| Course Start |
Flexible |
Timetable |
Timetable |
| 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 )
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| Additional Information (Learning and Teaching) |
Some Introductory macroeconomics, though in exceptional cases, students with no economics background
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| Assessment (Further Info) |
Written Exam
90 %,
Coursework
10 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Written exam 100% |
| Feedback |
Not entered |
| No Exam Information |
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.
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Reading List
Textbook: Macroeconomics 5th Edition by Charles Jones (ISBN: 978-0393417326).
Time permitting, we will cover the following topics:
Day 11: Chapters 1 & 2 ¿ Introduction to Macroeconomics, Measuring the Macroeconomy
Day 12: Chapters 3 & 4 ¿ Production and Cross-Country Difference in Living Standards
Day 13: Chapter 5 ¿ Capital Accumulation & Economic Growth
Day 14: Chapter 6 ¿ Ideas and Economic Growth
Day 15: Chapter 7 ¿ Unemployment and the Labour Market
End of week 3: weekend reading / writing assignment
Day 16: Chapter 8 ¿ Money and Inflation
Day 17: Chapter 16 ¿ Consumption
Day 18: Chapter 17 ¿ Investment
Day 19: Chapter 18 ¿ Government and the Macroeconomy
Day 20: Chapters 11 & 12 ¿ Economic Fluctuations & Macroeconomic Policy |
Additional Information
| Graduate Attributes and 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. |
| Keywords | intermediate macroeconomics,macroeconomic modelling,economic growth,inflation,unemployment |
Contacts
| Course organiser | Dr Richard Holt
Tel: (0131 6)50 8350
Email: Richard.Holt@ed.ac.uk |
Course secretary | Miss Quincy Sugiuchi
Tel: (0131 6)50 8361
Email: Quincy.Sugiuchi@ed.ac.uk |
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