Module
Topics in Macroeconomic Theory II
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 II |
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Module code: | BEEM148 |
Module level: | M |
Academic year: | 2020/1 |
Module lecturers: | |
Module credit: | 15 |
ECTS value: | 7.5 |
Pre-requisites: | Only available to MRes Economics PhD pathway students |
Co-requisites: | None |
Duration of module: |
Duration (weeks) - term 2: 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. 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 | Independent study |
Formative assessment
Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
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Practice Problems | Varies | 1-6 | Oral/Written |
Summative assessment (% of credit)
Coursework | Written exams | Practical exams |
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45 | 55 | 0 |
Details of summative assessment
Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
---|---|---|---|---|
Exam | 55 | 3 hours | 1-6 | Oral/Written |
3 Problem Sets | 45 | 1-4 Problems each | 1-6 | Oral/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 |
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Examination | Examination 55% (3 hours) | 1-6 | August examination period |
Problem Sets | Problem set 45% (1-4 problems) | 1-6 | August examination period |
Syllabus plan
i. Fiscal Policy and Ricardian Equivalence
ii. Search and Matching: The Matching Model, Efficiency Wages, Growth and Unemployment.
iii. Monetary Economics: models with credit frictions, sticky prices, search.
iv. Insurance vs Incentives.
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
24/06/2019