Postgraduate Course: Intermediate Macroeconomics Intensive $û SGPE Summer School (ECNM11046)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Course type | Standard |
Availability | Available to all students |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Credits | 0 |
| Home subject area | Economics |
Other subject area | None |
| Course website |
None |
Taught in Gaelic? | No |
| Course description | This course is designed to develop a solid understanding of the core economic models and insights from intermediate macroeconomic syllabi in a two-week period. The course is structured as a combination of daily lectures and tutorials (exercise classes) with extra reading to prepare for each class. The work load is heavy and consistent, both to cover the material and to adapt students to the pace of a graduate course. Material covered includes the basics of national income and macroeconomic modelling; the determinants of long-run economic growth, inflation and unemployment; money and interest rates; public sector debts and deficits; and the role and influence of fiscal and monetary policy. |
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | All students enrolled on the Summer school MUST hold an offer for the MSc in Economics or MSc Economics(Finance) at the University of Edinburgh |
| Additional Costs | None |
Information for Visiting Students
| Pre-requisites | Some Introductory macroeconomics, though in exceptional cases, students with no economics background may be admitted |
| Displayed in Visiting Students Prospectus? | No |
Course Delivery Information
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| Delivery period: 2012/13 Flexible, Available to all students (SV1)
|
Learn enabled: No |
Quota: None |
| Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
| Central | Lecture | Macroeconomics Assessment | 1 | 10:00 - 13:00 | | | | | | Central | Lecture | Macroeconomics Lecture | 1-2 | | 10:00 - 13:00 | | | | | Central | Lecture | Macroeconomics Lecture | 1-2 | | | 10:00 - 13:00 | | | | Central | Lecture | Macroeconomics Lecture | 1-2 | | | | 10:00 - 13:00 | | | Central | Lecture | Macroeconomics Lecture | 1-2 | | | | | 10:00 - 13:00 |
| First Class |
Week 1, Monday, 10:00 - 13:00, Zone: Central. Mathematics Preliminary assessment |
| Exam Information |
| Exam Diet |
Paper Name |
Hours:Minutes |
|
|
| Outwith Standard Exam Diets August | | 2:00 | | |
Summary of Intended Learning Outcomes
| After successful completion of this course the student will have knowledge and understanding of the determinants of output, the analysis of economic growth, inflation and unemployment; money market; public sector debts and deficits; the role and influence of fiscal and monetary policy, and business cycles. |
Assessment Information
Writing assignment (25%)
Class Exam (75%)
|
Special Arrangements
| None |
Additional Information
| Academic description |
Not entered |
| Syllabus |
The course will be heavily based around the textbook in order to facilitate both self-study and group-learning. A tentative syllabus for the course will cover the following chapters of Mankiw&©s Macroeconomics:
Day 1: Ch1 (The Science of Macroeconomics) & Ch2 (The Data of Macroeconomics)
Day 2: Ch3 (National Income: Where It Comes From and Where It Goes)
Day 3: Ch4 (Money and Inflation)
Day 4: Ch7 (Economic Growth I: Capital Accumulation and Population Growth)
Day 5: Ch8 (Economic Growth II: Technology, Empirics, and Policy)
End of week 1; weekend reading / writing assignment
Day 6: Ch9 (Introduction to Economic Fluctuations)
Day 7: Ch10 (Aggregate Demand I: Building the IS-LM Model)
Day 8: Ch11 (Aggregate Demand II: Applying the IS-LM Model)
Day 9: Ch13 (Aggregate Supply and the S-R Tradeoff Between Inflation and Unemployment)
Day 10: Ch16 (Consumption)
|
| Transferable skills |
General skills developed during the course include: critical analysis and assessment; reasoning adaptably and systematically; problem-framing and problem-solving skills; numeracy and quantitative skills; obtaining and processing information from a variety sources; interpersonal and group skills; managing a consistently large workload; coping with stress. |
| Reading list |
Mankiw's Macroeconomics (7th ed., ISBN: 1429238127) |
| Study Abroad |
Not entered |
| Study Pattern |
Not entered |
| Keywords | intermediate macroeconomics, macroeconomic modelling, economic growth, inflation, unemployment, publ |
Contacts
| Course organiser | Prof Jonathan Thomas
Tel: (0131 6)50 4515
Email: Jonathan.Thomas@ed.ac.uk |
Course secretary | Ms Marie Craft
Tel: (0131 6)51 1764
Email: marie.craft@ed.ac.uk |
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