2020/21 Undergraduate Module Catalogue

LUBS3505 Advanced Macroeconomics

10 creditsClass Size: 400

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

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2020/21

Pre-requisite qualifications

LUBS2610 Intermediate Macroeconomics
AND at least one of:
LUBS2230 Mathematics for Business and Economics 2 OR
LUBS2920 Advanced Analytical Methods OR
MATH2640 Introduction to Optimisation

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 type	Number	Length hours	Student hours
Lecture	11	1.00	11.00
Seminar	5	1.00	5.00
Private study hours			84.00
Total Contact hours			16.00
Total hours (100hr per 10 credits)			100.00

Private study

This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.

Opportunities for Formative Feedback

Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Online Time-Limited assessment	48 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

Students will have to complete an online assessment at the end of the module. This will take place during the examinations period and will be time bound. The assessment will not take 48 hours to complete, but students will have a 48 hour time period in which to complete it. The resit for this module will be 100% by examination.

Reading list

The reading list is available from the Library website

Last updated: 09/09/2020 12:23:02

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