Core
4
8 ECTS
Spring
None
EC 130
TBD
2017
Measuring a nation’s well being
Measuring the cost of living
Production and growth
Unemployment
Basic tools of finance
Open economy macroeconomics: Basic concepts
Aggregate demand and aggregate supply
The influence of monetary and fiscal policy on aggregated demand
Supply-side policies
| Type | Number per Term | Duration | Total Time |
|---|---|---|---|
|
Lectures |
30 |
2 hours |
60 |
|
Consultations |
15 |
1 hour |
15 |
| Total Guided/Independent Learning Hours | 125 | ||
| Total Contact Hours | 75 | ||
| Total Engagement Hours | 200 | ||
| Type | Number Required | Duration / Length | Weighting | Timing / Submission Deadline |
|---|---|---|---|---|
|
Exam |
1 |
3 hours |
50% |
Week 17 |
|
Mid-semester test |
1 |
2 hours |
20% |
Week 8 |
|
Individual studying, in-class presentation and discussion based on additional readings assigned by the instructor |
1 |
10 minutes (presentation and discussion) |
10% |
Week 5 |
|
Group project: Case study (including presentation) |
Up to 2000 words; 20 minutes presentation |
Written part: 15% Presentation: 5% |
Week 10 |
Intended Learning Outcomes:
To understand key economic terminology as used in the field of Economics and Macroeconomics and to be competent in reading the related literature.
To develop in-depth understanding of the constantly changing global environment
Articulate on the now dominant economic theories and their global, regional, country and business applications
Evaluate the interrelationships of political and economic factors.
Demonstrate knowledge of the major macroeconomic issues and objectives of macroeconomic policies
Evaluate the major national accounts
Apply understanding of the extended income-expenditure model
Manipulate the income- expenditure model algebraically and diagrammatically
Use the model to analyse a variety of policy choices
Demonstrate awareness of the exchange rate regime for macroeconomic policy
To recognize principles and concepts crucial for theoretical frameworks in Economics and Macroeconomics
Teaching and Learning Strategy:
This is an introductory course and will presume only macroeconomic principles it will primarily use a text book. In addition to the key text book, supplementary resources will be used. (ILO: 1-11
A variety of approaches to managing the learning process is introduced in order to be able to meet the ILOs. Teaching will be predominantly lectures, with ample time for discussion. (ILO:1-11)
Learning is organised and supported to encourage active learning, for example by using a range of assessment methods. Individual studying, in-class presentation and discussion based on additional readings assigned by the instructor. In addition, active learning will be encouraged by individual project and group projects (case study). (ILO:1-11)
Most of the application-based problems will be done in tutorial sessions. The problems will be firstly solved by professor, and after that students will be given opportunity to solve problems. (ILO:3-10)
Assessment Strategy:
Midterm exam and Final exam (ILO:1-11)
Individual studying and presentation (ILO:1-11)
Group project: Case study (ILO:1-11)
Practical Skills:
To explain economic concepts, problems, possible solutions and other relevant economic information to both “expert” and lay audiences
To recognize complex economic relationships
Find and effectively interpret macroeconomic data.
Ability to analyse macroeconomic data within classical and AD/AS model.
Teaching and Learning Strategy:
In-class exercises and demonstration of model applications with active student participation (PS: 1-4)
Individual assignments (PS:1-4)
Lectures (PS: 2-4)
Tutorials (PS: 3-4)
Assessment Strategy:
Written Exams (PS: 1-4)
Individual assignments with presentation (PS: 1-2)
Individual project (PS:2-4)
Transferable Skills:
Ability to effectively present own and others’ point of view
A problem-centered and problem-solving approach
Numeracy Skills
Communication Skills: Written and Oral
Research Skills
Data analyses skills
Ability to work independently
Ability to work in the group
Good time management
Meet deadlines
Organize/manage projects
Teaching and Learning Strategy:
Teaching will be predominantly lectures, with ample use of examples (TS: 2-11)
The tutorials and exercises will emphasize practical use of skills (TS: 1-6)
Assessment Strategy:
Project assignment (TS: 1-11)
Written examination (TS: 1-4, 6,9)
Presentation (TS: 1,4,9,10)
Set text
N. Gregory Mankiw and Mark P. Taylor (2017), Macroeconomics, 4th Edition, Cengage Learning
Supplementary Materials
Baumol, W., et al, (2015), Macroeconomics: Principles and Policy, 13th Edition, South-Western College Publishin5
Frank, R., Bernanke, B., (2015), Principles of Macroeconomics, 6th Edition, McGraw-Hill
Williamson, S., (2017), Macroeconomics, 6th Edition, Pearson
Gottfries, N., (2013), Macroeconomics, Palgrave Macmillan
Jones, C., (2017), Macroeconomics, 4th Edition, W.W. Norton & Co.
Miles, D., et al, (2013), Macroeconomics: Understanding the Global Economy, 3rd Edition, John Wiley & Sons
MIT, (2013), Macroeconomics lecture videos and slides [online], http://ocw.mit.edu/courses/economics/14-772-development-economics-macroeconomics-spring-2013/lecture-videos-and-slides/ (Accessed 10 April 2017).
University of Oxford (2009), Macroeconomics Podcasts [online], http://podcasts.ox.ac.uk/keywords/macroeconomics (Accessed 10 April 2017).
Please note
This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.
More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.
The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.
Date of Production : April 2017
Date approved by School Learning and Teaching Committee:
Date approved by School Board of Study :
Date approved by University Learning and Teaching Committee:
Date of Annual Review:
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