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 ADVANCED MACROECONOMICS
Code ECON343
Coordinator Dr L Liu
Economics
Lin.Liu@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 6 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
ECON111 MATHEMATICS FOR ECONOMICS AND BUSINESS; ECON223 MACROECONOMICS I; ECON224 MACROECONOMICS II 

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

       12

6

12

 36
Timetable (if known)   60 mins X 1 totaling 12
  		      60 mins X 1 totaling 12
60 mins X 1 totaling 12
  		 
Private Study 114
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment : Unseen Examination Assessment Type: Written Examination Duration: 2 hours Weighting: 70% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies   2    70       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 2: Research Report Assessment Type: Coursework Size: 1000 Words Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Assess  0    30       

Aims

To further develop understanding of macroeconomic theory, where appropriate, to integrate the theory with issues of current policy interest.
To further develop students' analytical and problem solving abilities applied to economic principles

Learning Outcomes

(LO1) Acquire advanced knowledge and understanding of contemporary macroeconomic

(LO2) Be able to critically appraise the relevant theory and evidence

(LO3) Apply macroeconomic theory to analyse macroeconomic developments and evaluate their implications

(LO4) Apply macroeconomic theory to analyse policy implications

(LO5) Further develop their mathematical and analytical skills as applied in modern economics

(S1) Problem solving skills

(S2) Numeracy

(S3) Teamwork

(S4) Adaptability

(S5) Lifelong Learning Skills

Teaching and Learning Strategies

Teaching Method: Online Asynchronous Learning Materials
Unscheduled Directed Student Hours: 12
Attendance Recorded: No

Teaching Method: Large Group Teaching
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes

Teaching Method: Seminar
Description: Sessions will be more narrowly focussed and provide guided solutions and discussions for questions and detailed derivations. There will be opportunities for interactive participation.
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Teaching Method: Group Study
Description: Bi-weekly 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 6
Attendance Recorded: No

Self-Directed Learning Hours: 114
Description: Students should use self-directed learning hours to conduct in-depth background reading, drawing on the recommended reading and related material. This activity can be complemented by attempts to derive solutions for seminar questions prior to the seminar session as well as exam directed revision of material.

There are the following non-modular requirements:
ECON 111 or equivalent module, ECON 223, ECON 224

Skills/Other Attributes Mapping

Skills / attributes: Problem solving skills
How this is developed: Taught skills are developed during lectures and seminars.
Mode of assessment (if applicable): Examination

Skills / attributes: Numeracy
How this is developed: Taught skills are developed during lectures and seminars.
Mode of assessment (if applicable): Examination

Skills / attributes: Teamwork
How this is developed: Taught skills are developed during lectures and seminars.
Mode of assessment (if applicable)

Skills / attributes: Adaptability
How this is developed: Taught skills are developed during lectures and seminars.
Mode of ass essment (if applicable): Examination

Skills / attributes: Lifelong Learning Skills
How this is developed: Taught skills are developed during lectures and seminars.
Mode of assessment (if applicable)

Syllabus
 

Economic growth theory
Business cycle theory
Consumption
Investment
Unemployment
Macroeconomic policy

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