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