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 ECON843
Coordinator Dr A Marchesiani
Economics
A.Marchesiani@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Second 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 24

 5

         29
Timetable (if known)              
Private Study 121
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When): 2  2 hours    80       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Mid-term test There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When): 2  1 hour    20       

Aims

To introduce students to advanced macroeconomic models;

To provide students with the analytical skills to proceed to professional research should they continue with their studies.


Learning Outcomes

(LO1) Students should be able to solve advanced analytical problems which appear frequently in macroeconomic theory.

(LO2) Students should feel comfortable using economic models and be able to read academic research papers which use such models. 

(LO3) Students should be able to read academic research papers which use advanced macroeconomic models.

(LO4) Students will have acquired the ability to think analytically and to reason using mathematical expressions.

(LO5) Students will understand how to formulate and solve advanced economic models, they will also learn how to use and interpret macroeconomic data related to some of these models.

(S1) Flexibility/adaptability. Students will work in groups to interpret complex macroeconomic issues through reading and discussing different theoretical viewpoints.

(S2) Problem solving skills. Students will develop their problem solving skills by examining and critiquing advanced economic theories.

(S3) Numeracy. Students will develop their numeracy by solving advanced macroeconomic models.

(S4) Lifelong learning skills. The module will enable students to develop abilities to read and think about macroeconomic problems and theories which will extend beyond the module.

(S5) International awareness. Students will develop international awareness by applying, and examining, macroeconomic models to, and using data from, different countries.

Teaching and Learning Strategies

Lectures x 24 hours

Seminars x 5 hours

Self-directed learning x 121 hours
Reading the book, reading articles and preparing a seminar presentation.

Syllabus
 

Classical growth theory;

Schumpeterian growth theory;

Skill-biased technical change;

Classical approaches of modelling money;

Search-and-matching approach of modelling money;

Search-and-matching approach of modelling unemployment.

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