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2017/18 Undergraduate Module Catalogue

LUBS3505 Advanced Macroeconomics

10 creditsClass Size: 218

Module manager: Antonio Rodrigues Gil
Email: a.rodriguezgil@leeds.ac.uk

Taught: Semester 1 View Timetable

Year running 2017/18

Pre-requisites

LUBS2230Mathematics for Business and Economics 2
LUBS2610Intermediate Macroeconomics

This module is not approved as a discovery module

Module summary

This module develops the macroeconomic modules presented in levels 1 and 2, to present the current state of the different macroeconomic debates and consensus.

Objectives

This module aims to provide students with advanced knowledge and understanding of the core debates and consensus in macroeconomics.

Learning outcomes
Upon completion of the module, students will be able to:
- Identify and compare the general approaches and frameworks used in macroeconomics (Classical and Keynesian)
- Describe and identify the arguments in favour and against of macroeconomic policies to stabilize the economy, the use of fiscal policy and the use of structural policies
- Describe and assess conflicting theories of money and inflation
- Explain current consensus in macroeconomic policy
- Apply macroeconomic theories to analyse macroeconomic developments and evaluate their implications
- Relate course materials to policy makers’ decisions (Central Bank, fiscal authorities or employment related legislation) and judge them

Skills outcomes
Upon completion of the module, students will be able to:
Transferable
- Deploy skills of data analysis and interpretation
- Present coherently

Subject Specific
- Apply critical thinking to compare conflicting explanations of the same macroeconomic development


Syllabus

Indicative content
Develop the alternative theoretical models of the macro economy presented in the level 1 and level 2 modules, with particular emphasis on their foundations;
‒ Classical and Keynesian economics
‒ Theories of money, interest rates and inflation
‒ Unemployment, NAIRU and hysteresis
‒ Fiscal policy issues
‒ New consensus in macroeconomics

Teaching methods

Delivery typeNumberLength hoursStudent hours
Lecture111.0011.00
Seminar51.005.00
Private study hours84.00
Total Contact hours16.00
Total hours (100hr per 10 credits)100.00

Private study

For each 10 credits of study taken, the expectation is that the normal study time (including attendance at lectures and tutorials, self-study and revision) is 100 hours.

Methods of assessment


Exams
Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 00 mins100.00
Total percentage (Assessment Exams)100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 11/05/2017

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