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2023/24 Undergraduate Module Catalogue

LUBS3505 Advanced Macroeconomics

10 creditsClass Size: 360

Module manager: Antonio Rodriguez Gil

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2023/24

Pre-requisite qualifications

LUBS2610 Intermediate Macroeconomics
AND at least ONE of:
LUBS2230 Mathematics for Business and Economics 2
LUBS2920 Advanced Analytical Methods
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.


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:
- Deploy skills of data analysis and interpretation
- Present coherently

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


Indicative content:
Develop the macroeconomic models presented in level 2, for that purpose we elaborate on the microeconomic foundations of models. Further, we explore the empirical debates to critically assess models.

- Aggregate demand (Consumption and Investment)
- Aggregate supply (Wage and price setting, hysteresis)
- Monetary policy (Central banking and inflation targeting)
- Expectations (Expectation formation and central banking)
- Credit (Credit constraints)

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours83.00
Total Contact hours17.00
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

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

The resit for this module will be 100% by 2hr examination.

Reading list

The reading list is available from the Library website

Last updated: 16/05/2023 13:51:20


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