Module Information
Course Delivery
| Delivery Type | Delivery length / details |
|---|---|
| Lecture | 16 Hours |
| Group Work | 3 Hours in the form of presentations |
Assessment
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Exam | 1.5 Hours | 100% |
| Supplementary Exam | 1.5 Hours | 100% |
Learning Outcomes
On completion of this module students will possess:
* A taxonomy of the business cycle;
* An understanding of the development of business cycle theory;
* A feel for the difficulties involved in forecasting the business cycle;
* An overview of the development of macroeconomic theory;
* An understanding of the policy implications of various macroeconomic schools of though.
Aims
This module aims to provide students with an understanding of the causes of business cycles. It will also examine the basis on which counter cyclical macroeconomic policy is suggested and conducted. In so doing it will examine the contribution of the major schools of macroeconomics to the policy debate. The determinants of economic growth will also be examined.
Brief description
The principal aim of this module is to provide students with an understanding of the causes of business cycles. It will also examine the basis on which counter cyclical macroeconomic policy is suggested and conducted. In so doing it will examine the contribution of the major schools of macroeconomics to the policy debate. The cause of economic growth will also be examined.
Content
- Overview of business cycles and economic growth
- The nature and cause of economic growth
- Real business cycles
- Multiplier-accelerateor theory
- Political business cycle
- New classical and new Keynesian macro policies
Transferable skills
More specifically by taking this module students will enhance several transferable skills. Attendance at lectures should help note taking. Essay writing will enhance writing as well as time management skills and problem solving. The group presentations should also enhance teamwork, communication and presentational skills and reinforce further time management skills. The inclusion of web sites and encouragement to use the library fully should help to enhance basic IT and research skills.
Reading List
B Snowdon and H R Vane A Macroeconomic Reader, Routledge Primo search D Miles and A Scott A Macroeconomics: Understanding the Wealth of Nations, Wiley Primo search R C O Matthews The Trade Cycle, CUP Primo search
Notes
This module is at CQFW Level 6