Module
Topics in Macroeconomic Theory I
Module description
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 I |
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Module code: | BEEM145 |
Module level: | M |
Academic year: | 2023/4 |
Module lecturers: |
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Module credit: | 15 |
ECTS value: | 7.5 |
Pre-requisites: | Only available to MRes Economics PhD pathways students |
Co-requisites: | None |
Duration of module: |
Duration (weeks) - term 1: 11 |
Module aims
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. continue to 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 |
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33 | 117 | 0 |
Details of learning activities and teaching methods
Category | Hours of study time | Description |
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Scheduled Learning and Teaching | 33 (3 per week) | Lectures |
Independent Study | 117 | Reading, preparation for classes and assessments |
Formative assessment
Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
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Discussions | Varies | 1-6 | Oral/Written |
Summative assessment (% of credit)
Coursework | Written exams | Practical exams |
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100 | 0 | 0 |
Details of summative assessment
Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
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Assignments | 100 | 5 bi-weekly assignments, worth 20% each | 1-6 | Oral/Written |
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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 |
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Assignments | Assignments | 1-6 | August examination period |
Syllabus plan
Topics of current macroeconomics research interest, which vary but may include:
i. Economic growth: Neoclassical Growth Model, Optimizing Behaviour in Dynamic Models , Endogenous Technological Change, Imitation and Convergence, Growth and Development Accounting, Appropriate Technology, Political Economy
ii. Heterogeneous Agents and Firms: Firm Dynamics, Income Distribution.
iii. Fiscal Policy: Taxation, Unemployment Insurance, Social Insurance Design
iii. Monetary Economics: models with credit frictions, sticky prices, search.
Indicative learning resources - Basic reading
- Romer, Advanced Macroeconomics, McGraw-Hill Advanced Series in Economics, New
York, 2012.
- 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?
Yes
Origin date
24/06/2019
Last revision date
16/05/2022