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Macroeconomic Techniques (ECON90021)

Graduate courseworkPoints: 12.5Not available in 2019

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Year of offerNot available in 2019
Subject levelGraduate coursework
Subject codeECON90021
FeesSubject EFTSL, Level, Discipline & Census Date

Introduction to recent developments in macroeconomics. Students will learn how to formulate and solve stochastic dynamic economic models and to apply these techniques to a number of substantive issues in consumption, asset pricing, business cycle theory, monetary economics and labour economics.

Intended learning outcomes

On successful completion of this subject students should be able to:

  • Identify well posed economic questions;
  • Formulate dynamic macroeconomic models that could provide answers to well posed questions;
  • Apply existing empirical work to parameterize and calibrate such models and understand some methods of estimation;
  • Evaluate critically the performance of such models;
  • Develop an understanding of representative agent models and/or heterogeneous agent models;
  • Evaluate recent contributions to macroeconomics;
  • Analyse the interplay of questions, theory, and data.

Generic skills

On successful completion of this subject, students should have improved the following generic skills:

  • Evaluation of ideas, views and evidence
  • Synthesis of ideas, views and evidence
  • Strategic thinking
  • Critical thinking
  • Application of theory to economic policy and business decision making
  • Accessing economic and other information
  • Summary and interpretation of information
  • Application of Windows software
  • Using and designing computer programs
  • Statistical reasoning
  • Problem solving skills
  • Collaborative learning and teamwork
  • Negotiation and bargaining
  • Written communication
  • Oral communication

Last updated: 9 November 2018