Last modified: 31 Jul 2023 11:19
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.
| Study Type | Undergraduate | Level | 2 |
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| Term | Second Term | Credit Points | 30 credits (15 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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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?
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 20 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Feedback is given in the trial computer aided assessment on a question-by-question basis, giving students guidance on how to approach the question successfully. |
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| Knowledge Level | Thinking Skill | Outcome |
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| Assessment Type | Summative | Weighting | 70 | |
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| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
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| Assessment Type | Summative | Weighting | 10 | |
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| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Oral feedback is given on the tutorial presentation. On a less formal basis, via verbal feedback during tutorial discussions, and after tutorial presentations. Presentation slides and notes are submitted through WebCT and are available to the external examiner. |
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| Knowledge Level | Thinking Skill | Outcome |
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There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
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| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
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| Knowledge Level | Thinking Skill | Outcome |
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| Factual | Remember | ILO’s for this course are available in the course guide. |
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