ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title Macroeconomic Analysis
Code ECON905
Coordinator Dr S Mitra
Economics
Shalini.Mitra@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2020-21 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours   6

8

       22

 36
Timetable (if known)              
Private Study 120
TOTAL HOURS 156

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination This assessment has a 2000 word limit Standard UoL penalty applies Anonymous assessment There is a resit opportunity  24 hours    100       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

This module aims to give students an understanding of the neoclassical models of growth based on Solow and Ramsey following which the Real Business Cycle will be introduced. Students will be introduced to key concepts in modern quantitative macroeconomics. The second half of the module will focus on balance of payments constraints and exchange rate determination.

Learning Outcomes

(LO1) Demonstrate in-depth knowledge and understanding of macroeconomic theory.

(LO2) Apply core advanced economic theory and quantitative methods to applied topics.

(LO3) Show theory and model based understanding of advanced analytical methods.

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial awareness

(S4) Communication skills

(S5) IT skills

(S6) International awareness

(S7) Lifelong learning skills

(S8) Ethical awareness

Teaching and Learning Strategies

Hybrid delivery, with social distancing on campus.

Online asynchronous learning materials x 22 hours

Face-to-face seminars x 8 hours

Self-directed learning x 120 hours

Syllabus
 

Topic 1: The Solow growth model;

Topic 2: The Ramsey-Cass-Koopmans model;

Topic 3: Real business cycle;

Topic 4: The balance of payments;

Topic 5: The monetary approach to the balance of payments;

Topic 6: Purchasing power parity and exchange rate determination;

Topic 7: The Mundell Fleming model and the Keynesian approach to the balance of payments;

Topic 8: Monetary policy and inflation.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.