Undergraduate Course: Economics 2A (ECNM08029)
Course Outline
| School | School of Economics |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 8 (Year 2 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This calculus-based intermediate macroeconomics course develops an analytical understanding of long- and short-run macroeconomic fluctuations. It covers output determination, economic growth, unemployment, inflation, and the role of money and prices. The course is designed for students progressing in economics and provides the foundations required for advanced macroeconomic analysis. |
| Course description |
This course develops a theoretical framework of the macroeconomy from microfoundations. The framework is then used to analyse aggregate demand and supply, long-run growth, the labour market, wage and price setting, business cycles, and the transmission of fiscal and monetary policy. Emphasis is placed on modelling the long-run equilibrium of the economy in order to understand the determinants of short-run deviations from the long-run equilibrium.
Students learn to apply comparative-statics and dynamic reasoning to macroeconomic models, interpret empirical relationships, and critically evaluate stabilisation policy. Teaching combines lectures and tutorials with a strong focus on analytical problem-solving and structured exam preparation.
The course is intended for students continuing in economics, though others are welcome.
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Information for Visiting Students
| Pre-requisites | Semester 1 visiting students may enrol. Visiting students should usually have at least 1 introductory level Economics course at grade B or above (or be predicted to obtain this) for entry to this course. We will only consider University/College level courses. |
Course Delivery Information
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| Academic year 2026/27, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 30,
Seminar/Tutorial Hours 9,
Summative Assessment Hours 3,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
154 )
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| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Weekly homework/quizzes - 10%
Class exam - 20%
Degree exam - 70% |
| Feedback |
Not entered |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Explain and apply long-run macroeconomic models of growth, capital accumulation, productivity, and steady-state analysis.
- Analyse the role of money, inflation, and expectations in determining long-run macroeconomic outcomes, and explain and apply core short-run macroeconomic models, including goods-market, labour-market, and monetary-policy frameworks.
- Analyse how shocks (demand, supply, financial, policy) affect output, unemployment, and inflation in the short run.
- Use diagrammatic and algebraic tools to derive equilibrium conditions and conduct comparative-statics analysis, and interpret macroeconomic data and empirical relationships (e.g., Phillips curve) within the theoretical framework.
- Demonstrate mastery of these concepts in an exam format through structured analytical, graphical, and numerical problem-solving.
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Reading List
Required textbooks
- Gottfries¿ Macroeconomics.
Suggested textbook (for maths)
- Renshaw, Maths for Economics (5th ¿ or any - edition) |
Additional Information
| Graduate Attributes and Skills |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | |
Course secretary | |
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