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2024/25 Taught Postgraduate Module Catalogue

LUBS5101M Macroeconomics

15 creditsClass Size: 150

Module manager: Karsten Kohler

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2024/25

Pre-requisite qualifications

For all programmes except MSc Economics and MSc Economics and Finance, a sufficient background in mathematics and macroeconomics from previous degree (to be approved by the module leader).

This module is not approved as an Elective


The module aims to provide students with an advanced treatment of macroeconomics topics to the level required to move into research or professional careers. It includes conflicting views of unemployment, money and inflation, together with debates and consensus in the design of macroeconomic policies, the links between distribution and macroeconomics and available empirical evidence.

Learning outcomes
Upon completion of the module students will be able to critically evaluate;
- Classical and Keynesian views of unemployment and inflation
-The role of expectations and market imperfections in determining the impact of stabilization policies
- Different approaches to the nature of Money and inflation, the consequences for monetary policy
-Theories of (structural) unemployment and hysteresis
- Conflicting views of the use of fiscal policy
- Consensus and debates shaping the design of monetary policy
- The role of income distribution on macroeconomics
- Available empirical evidence in the fields noted above

Skills outcomes
Upon completion of this module students will be able to:
- Deploy appropriately skills of data analysis and interpretation in a range of contexts
- Contribute effectively to team work
- Present academic work effectively

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


Indicative content
Consideration of the main alternative theoretical traditions in macroeconomics (including new classical macroeconomics, New Keynesian, "New Consensus in Macroeconomics" and Post Keynesian). By topics:
- Classical and Keynesian views of unemployment and inflation
- Expectations, market imperfections and stabilization policies
- Different approaches to the nature of Money, inflation and monetary policy.
- Theories of (structural) unemployment and hysteresis
- Selected issues in fiscal policy
- Consensus and debates on the design of monetary policy
- Income distribution and macroeconomics

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours129.00
Total Contact hours21.00
Total hours (100hr per 10 credits)150.00

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

Assessment typeNotes% of formal assessment
Assignment3000 words100.00
Total percentage (Assessment Coursework)100.00

Resit is by 3000 word assessed coursework

Reading list

The reading list is available from the Library website

Last updated: 29/04/2024 16:16:21


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