Undergraduate Course: Topics in Macroeconomics (ECNM10069)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 10 (Year 3 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This course is designed to provide a coherent development of some important topics in macroeconomic analysis at a more advanced level than that of standard intermediate courses. It thus extends and deepens the work of Economics 1 and Economics 2, bridging the gap between intermediate and graduate level courses in economics, and providing insight into some recent areas of economic research activity. Throughout there is an emphasis on the application of economic principles.
The course has a mathematical content and knowledge of calculus is assumed.
The course is divided into two blocks. The first block covers the issue of time inconsistency in policy. It investigates the effect of time inconsistency and commitment instruments on the design and optimality of policies. We study several prominent areas of macroeconomics where time consistency matters, including monetary policy, fiscal policy, political dynamics, as well as government debt and default. The second block covers productivity differences across countries. Here we investigate to what extent the exogenous and endogenous accumulation of human and physical capital as well as technology explain differences in GDP per worker across the world. We also study the issue of structural transformation and its link to cross-country income differences. |
| Course description |
Not entered
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Information for Visiting Students
| Pre-requisites | Visiting students should usually have at least 3 Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in both Macroeconomics and Microeconomics. We will only consider University/College level courses. |
Course Delivery Information
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| Academic year 2015/16, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 30,
Seminar/Tutorial Hours 8,
Summative Assessment Hours 3,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
155 )
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| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
A 2 hour degree examination in April/May (70%), coursework (30%). The coursework assessment consists of a timed, assessed exercise (take-home assignment). |
| Feedback |
Not entered |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S2 (April/May) | | 2:00 | | | Resit Exam Diet (August) | | 2:00 | |
Learning Outcomes
After successful completion of this course students will have developed their understanding of core principles and models used in macroeconomic analysis, and related mathematical techniques, to a level appropriate for an advanced undergraduate.
General skills developed 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; presentation and communication skills; interpersonal and group skills; computer and IT skills; independent action and initiative; managing tasks and time; coping with stress.
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Additional Information
| Graduate Attributes and Skills |
Not entered |
| Additional Class Delivery Information |
3 lectures per week lasting 1 hour, 8 weekly tutorials lasting 1 hour to be arranged in addition. |
| Keywords | TiMacro |
Contacts
| Course organiser | Dr Jan Grobovsek
Tel: (0131 6)51 3005
Email: |
Course secretary | Ms Dawn Hutcheon
Tel: (0131 6)51 5958
Email: |
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