EC2503: INTERMEDIATE MACROECONOMICS (2021-2022)

Last modified: 31 May 2022 13:05

Course Overview

This course focuses on macroeconomic policy in a global economy. The first part builds an open-economy Keynesian model to investigate what determines the effectiveness of fiscal and monetary policies, and how exchange rate regimes and capital mobility impact on policy effectiveness. The second part investigates what determines the level of macroeconomic activity and its growth over time. The final part looks at what determines inflation and unemployment. This intermediate level course uses live lectures to develop your analytical skills evaluating economic policy in a rigorous and technical way to equip you with the skills needed for honours level study.

Course Details

Study Type	Undergraduate	Level	2
Term	Second Term	Credit Points	30 credits (15 ECTS credits)
Campus	Aberdeen	Sustained Study	No
Co-ordinators	Dr David McCausland

Qualification Prerequisites

Programme Level 2

What courses & programmes must have been taken before this course?

Any Undergraduate Programme (Studied)
EC1506 The Global Economy (Passed)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

Course Description

Macroeconomics is the branch of economics that seeks to answer such high level questions as: What determines the level of aggregate income? Through what channels is it influenced by the fiscal policy of national governments and the monetary policies of central banks? What determines the effectiveness of fiscal and monetary policies, and how do exchange rate regimes and capital mobility impact on policy effectiveness. What determines the level of macroeconomic activity and its growth or decay over time? What determines inflation and unemployment?

This course will equip you with the principles you need to make sense out of the conflicting and contradictory discussions and policies. It is designed to meet the interests of those wishing merely to take a further course in economics as well as those intending to proceed to honours. This course builds on, and is a natural extension of The Global Economy (EC 1505). It will further develop your analytical skills, and will investigate in a more rigorous and analytical way concepts introduced in EC 1505, so that you are able to study interesting and challenging problems in the global economy.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers

Details, including assessments, may be subject to change until 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

Summative Assessments

Alternative Assessment

Presentation (20%)

1000-word Essay (40%)

Alternative Resit Assessment

2x 1000-word Essays (50% each)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge Level	Thinking Skill	Outcome
Factual	Remember	ILO’s for this course are available in the course guide.