Topics in Macroeconomic Theory II
This module will cover topics in advanced macroeconomics with emphasis on fundamentals and applications to recent theoretical advances.
Full module specification
|Module title:||Topics in Macroeconomic Theory II|
Only available to MRes Economics PhD pathway students
|Duration of module:||
Duration (weeks) - term 2: |
The module explores burgeoning areas of modern macroeconomics, with the aim of enabling students to write independent research in macroeconomics at the research frontier.
ILO: Module-specific skills
- 1. address complex questions at the frontier of macroeconomic research systematically and creatively;
- 2. make sound judgements and communicate their conclusions to specialists and non-specialists.
ILO: Discipline-specific skills
- 3. demonstrate self-direction and originality in tackling and solving macroeconomics problems;
- 4. advance their knowledge and understanding, and to develop new skills to a high level.
ILO: Personal and key skills
- 5. identify, tackle and solve relevant research problems in macroeconomics;
- 6. work independently and responsibly on complex research problems.
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Scheduled Learning and Teaching Activity||33 (3 hours/week)||Lectures|
|Guided Independent Study||117||Reading, preparation for classes and assessments|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Average of Assignments||100||The assessment structure on this module is subject to review and may change before the start of the new academic year. Any changes will be clearly communicated to you before the start of term and if you wish to change module as a result of this you can do so in the module change window||1-6||Verbal/Written|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Average of Assignments (100%)||Average of Assignments (100%)||1-6||August/September Reassessment Period|
If a student passes the module overall, but fails one or more assessments, there will be no referral/re-assessment.
If a student fails the module, only the failed assessments will be re-assessed.
If one or more assessments are deferred, only the deferred assessments will be re-assessed.
Topics of current macroeconomics research interest, which vary but may include:
- Fiscal Policy and Ricardian Equivalence.
- Search and Matching: The Matching Model, Efficiency Wages, Growth and Unemployment.
- Monetary Economics: Models with Credit Frictions, Sticky Prices, Search.
- Insurance vs Incentives.
Indicative learning resources - Basic reading
- Romer, Advanced Macroeconomics, McGraw-Hill Advanced Series in Economics, New
- Ljungqvist and Sargent, Recursive Macroeconomic Theory, MIT Press, 2004.
- Stokey and Lucas, with Prescott, Recursive Methods in Economic Dynamics, Harvard
University Press, 1989.
- D. Acemoglu, Introduction to Modern Economic Growth, Princeton University Press, 2009.
- Barro and Sala-i-Martin, Economic Growth, McGraw-Hill, 1997.
- Obstfeld and Rogoff, Foundations of International Macroeconomics, MIT Press, 2000.
- Aghion and Howitt, Endogenous Growth Theory, MIT Press 1998.
- Pissarides, Equilibrium Unemployment Theory, MIT Press 2000.
- Walsh, Monetary Theory and Policy, MIT Press, 2010.
Module has an active ELE page?
Last revision date