Undergraduate Course: Economics 2B (ECNM08030)
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 a rigorous understanding of macroeconomic behaviour. In particular the interaction of government policy, both monetary and fiscal, with short-run fluctuations, and open-economy macroeconomics. It builds on Macroeconomics 2A and equips students with the tools needed for advanced study in macroeconomics. |
| Course description |
This course focuses on macroeconomic analysis of government policy, both fiscal and monetary, international trade and capital flows, exchange rates and financial markets. The course integrates theory with policy debates on for example: inflation control and exchange-rate regimes.
Students will develop their ability to solve macroeconomic problems, analyse steady states, and interpret the interaction between domestic and international macroeconomic variables. Tutorials emphasise model-building, analytical proficiency, and exam-oriented practice.
The course is intended for students continuing to higher-level macroeconomics or applied policy courses.
|
Information for Visiting Students
| Pre-requisites | None |
Course Delivery Information
|
| Academic year 2026/27, 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 9,
Summative Assessment Hours 3,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
154 )
|
| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
|
| 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:
- Evaluate the effectiveness and limitations of fiscal and monetary stabilisation policies using formal macroeconomic reasoning.
- Evaluate alternative monetary and exchange-rate regimes and their implications for inflation, output, and macroeconomic stability.
- Apply open-economy models to understand exchange-rate determination, international capital flows, and balance-of-payments adjustment.
- Use mathematical and diagrammatic tools to solve long-run equilibrium problems and interpret dynamic adjustments and interpret macroeconomic data and empirical relationships within the theoretical framework.
- Demonstrate mastery of these concepts in an exam setting through analytical, graphical, and quantitative reasoning.
|
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 | |
|
|
University Homepage