Economics

Advanced Macroeconomics

Module code: L1059
Level 5
15 credits in spring semester
Teaching method: Seminar, Lecture
Assessment modes: Computer based exam, Coursework

On this module, you’ll complete the macroeconomics sequence by exploring advanced topics in macroeconomic policy and international economics. Key areas include:

• the policy implications of rational expectations
• the macroeconomy in the context of international trade and capital movements
• monetary and fiscal policy under fixed and flexible exchange rates
• issues influencing the choice of exchange-rate regimes
• major macroeconomic problems, including hyperinflation, persistent unemployment, and exchange-rate crises.

The module finishes by integrating these analyses to examine the design and operation of effective macroeconomic policies.

Module learning outcomes

• Have demonstrated systematic understanding of the principles at the forefront of economics
• Be able to use the power of abstraction to focus upon the essential features of an economic problem and to provide a systematic framework for the coherent and critical evaluation of the effects of policy or other exogenous events.
• Be able to analyse an economic problem or issue using an appropriate theoretical framework, recognise its limitations and appreciate uncertainties around such analyses.
• Have learned to understand the importance of, and be able to construct, rigorous argument to help evaluate ideas, including those at the forefront of research.