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 2
Code ECON224
Coordinator Dr L Liu
Economics
Lin.Liu@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2024-25 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 1 

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

 6

         30
Timetable (if known)              
Private Study 120
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 1: Written examination Assessment Type: Written Exam Duration: 2 hours Weighting: 80% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies   2    80       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 2: Presentation Assessment Type: Coursework Duration: 5 minutes Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous  5    20       

Aims

The aim of this module is to further extend the study of macroeconomics at intermediate level. The module follows a modern approach to macroeconomics by building macroeconomic models from microeconomic principles.

Learning Outcomes

(LO1) Students will be able to examine macroeconomic data and analyse macroeconomic events

(LO2) Students will be able to critically evaluate macroeconomic models

(LO3) Students will be able to build and solve micro-founded macroeconomic models.

(LO4) Students will be able to explain the implications of shocks and evaluate the effects of fiscal and monetary policies using macroeconomic models.

(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

(S9) Teamwork

(S10) Organised and able to work under pressure

Teaching and Learning Strategies

Teaching Method: Lecture
Scheduled Directed Student Hours: 24
Attendance Recorded: Yes

Teaching Method: Seminar
Description: Bi-weekly 1 hour seminars
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Self-Directed Learning Hours: 120
Description: These independent learning hours are aimed at supporting the directed student learning. The module leader will provide guidance in the form of suggested readings and topics to examine with the expectation that students are well prepared to contribute to the tutorial activities and to understand the content of recordings. Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

There are the following pre-requisite requirements:
ECON123 and ECON223

This module is a pre-requisite for the following modules:
ECON306, ECON343, ECON346, ECON363, and ECON364

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is developed: - Ability to critically evaluate economic policies
Mode of assessment (if applicable): Coursework and Examination

Skills / attributes: Lifelong learning skills
How this is developed: Ability to critically appraise the work of others s
Mode of assessment (if applicable): Not explicitly assessed

Skills / attributes: International awareness
How this is developed: Ability to conduct cross country comparisons
Mode of assessment (if applicable): Examination and coursework

Skills / attributes: IT skills
How this is developed: Conduct data analysis using software and record a video presentation
Mode of assessment (if applicable): Coursework - presentation

Skills / attributes: Communication skills
How this is developed: Ability to raise questions on the materials, and give a presentation on a chosen topic
Mode of assessment (if applicable): Coursework - pre sentation

Skills / attributes: Commercial awareness
How this is developed: Conduct event study
Mode of assessment (if applicable): Coursework - presentation

Skills / attributes: Numeracy
How this is developed: Develop numerical skills by solving models
Mode of assessment (if applicable): Examination

Skills / attributes: Problem solving skills
How this is developed: Develop rigorous logical analysis skills by solving models
Mode of assessment (if applicable): Examination

Skills / attributes: Teamwork
How this is developed: Encourage teamwork in seminars
Mode of assessment (If applicable): Not directly assessed

Skills / attributes: Organised and able to work under pressure
How this is developed: The module syllabus and exercises are designed to be challenging, which helps to build resilience and adaptability.
Mode of assessment (if applicable): Examination

Syllabus
 

Outline Syllabus:
Micro-foundations of consumption and investment
Labour markets: empirical facts and theories
Economics of inequality
Business cycle: empirical facts and theories
Economic growth: empirical facts, growth theories, and sustainable development
Financial intermediation and Banking

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