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DRPS : Course Catalogue : School of Economics : Economics

Postgraduate Course: Intermediate Macroeconomics Intensive SGPE Summer School (ECNM11046)

Course Outline
SchoolSchool of Economics CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityAvailable to all students
SCQF Credits0 ECTS Credits0
SummaryThis course covers what one would encounter in a typical intermediate undergraduate macroeconomics course. The 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 and the role and influence of economic policy.
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. In this course students will discover how economies grow, why some countries have high inflation while others maintain stable prices, and why all countries have positive unemployment rates and sometimes experience recessions.
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 MSc Economics (PTMSCECNSG1F/P) or MSc Economics (Econometrics) (PTMSCECNEC1F/P) or MSc Economics (Finance) (PTMSCECNF12F/3P) at the University of Edinburgh.
Information for Visiting Students
Pre-requisitesSome Introductory macroeconomics, though in exceptional cases, students with no economics background may be admitted
High Demand Course? Yes
Course Delivery Information
Academic year 2023/24, Available to all students (SV1) Quota:  None
Course Start Flexible
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 0 ( Lecture Hours 30, Seminar/Tutorial Hours 18, Formative Assessment Hours 6, Directed Learning and Independent Learning Hours 0 )
Assessment (Further Info) Written Exam 90 %, Coursework 10 %, Practical Exam 0 %
Additional Information (Assessment) Written assignment (10%)
Class Exam (90%)
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Outwith Standard Exam Diets August2:00
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.
Reading List
'Macroeconomics' by Nils Gottfries (ISBN:978-0230275973).

Day 1: Ch1 (Introduction & Preliminaries)
Day 2: Ch2 (Supply Side: Production, Prices and Distribution of Income)
Day 3: Ch3 (Demand Side I: Interest Rates and Investment)
Day 4: Ch4 (Demand Side II: Consumption)
Day 5:Ch5 (Economic Growth: Capital Accumulation, Population, Technology)
Day 6: Ch6 (Labor Market: Unemployment)
Day 7: Ch7 (Money and Inflation)
Day 8: Ch8 (Aggregate Demand: IS-LM Model)
Day 9: Ch9 (Inflation in the short run: Phillips Curve)
Day 10: Ch10 (Monetary Policy)
Additional Information
Course URL
Graduate Attributes and 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.
Additional Class Delivery Information This course consists of 25 hours of lectures and 15 hours of tutorials/exercise classes.
Keywordsintermediate macroeconomics,macroeconomic modelling,economic growth,inflation,unemployment,publ
Course organiserDr Richard Holt
Tel: (0131 6)50 8350
Course secretaryMs Grace Oliver
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