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This subject develops the analytical skills routinely used by practicing macroeconomists. These may include: theories of long-run economic growth; the flexible and sticky price macroeconomic models; open economy macroeconomic models; and the analysis of macroeconomic policy making.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Use a range of macroeconomic models to explain macroeconomic issues;
- Evaluate the merits of competing approaches to macroeconomics;
- Formulate key ideas in macroeconomics using models such as the AD-AS and IS-LM models;
- Explain the role of expectations in modern macroeconomics.
On successful completion of this subject, students should have improved the following generic skills:
- High level of development: written communication; collaborative learning; problem solving; team work; application of theory to practice; critical thinking; synthesis of data and other information; evaluation of data and other information.
- Moderate level of development: oral communication; interpretation and analysis; accessing data and other information from a range of sources; receptiveness to alternative ideas.
- Some level of development: statistical reasoning; use of computer software.
Last updated: 26 March 2020