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 | MACROECONOMICS II | ||
Code | ECON224 | ||
Coordinator |
Dr L Liu Economics Lin.Liu@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2020-21 | Level 5 FHEQ | Second Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
ECON123 PRINCIPLES OF MACROECONOMICS; ECON223 MACROECONOMICS I |
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 |
12 |
24 12 12 |
60 | ||||
Timetable (if known) |
60 mins X 1 totaling 5
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120 mins X 1 totaling 24
60 mins X 1 totaling 12 60 mins X 1 totaling 12 |
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Private Study | 90 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Written open book examination Assessment Type: Written Exam Duration: 24 hours Weighting: 60% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty | 24 Hours (2 hour exp | 60 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 2: Weekly problem set Assessment Type: Coursework Duration: 1 hour weekly (10 tests) Weighting: 40% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL pen | 1 hour per quiz (10 | 40 |
Aims |
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To further extend the study of macroeconomic theory at the intermediate level by analysing business-cycle fluctuations in closed and open economies using the real business cycle model and also the new Keynesian model that are based on solid microfoundation |
Learning Outcomes |
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(LO1) Understand the microfoundation of modern macroeconomic models |
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(LO2) Explain the implications of macroeconomic disturbances and fiscalpolicies using the real business cycle model |
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(LO3) Contrast the different implications of monetary policies in thereal business cycle model and in the new Keynesian model. |
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(LO4) Analyse business cycles in the open economy. |
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(S1) Problem solving skills |
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(S2) Numeracy |
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(S3) Commercial awareness |
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(S4) Communication skills |
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(S5) IT skills |
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(S6) International awareness |
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(S7) Lifelong learning skills |
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(S8) Ethical awareness |
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(S9) Teamwork |
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(S10) Organised and able to work under pressure |
Teaching and Learning Strategies |
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Teaching Delivery: Mixed, hybrid delivery with social distancing on campus Teaching Method: Seminar Teaching Method: Group Study Costs Information: There are the following non-modular requirements: This module is a pre-requisite for the following modules: Skills/Other Attributes Mapping Skills / attributes: Ethical awareness Skills / attributes: Lifelong learning skills Skills / attributes: International awareness Skills / attributes: IT skills Skills / attributes: Communication skills Skills / attributes: Commercial awareness Skills / attributes: Numeracy Skills / attributes: Problem solving skills Skills / attributes:
Teamwork Skills / attributes: Organised and able to work under pressure |
Syllabus |
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Markets, Prices, Supply and Demand. |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |