|Delivery Type||Delivery length / details|
|Seminars / Tutorials||10 Hours.|
|Assessment Type||Assessment length / details||Proportion|
|Semester Exam||2 Hours||80%|
|Semester Assessment||Assessment 1 Two assessments 10% each||10%|
|Semester Assessment||Assessment 2||10%|
|Supplementary Exam||2 Hours||100%|
On successful completion of the module students will understand the main determinants of macroeconomic (aggregate) economic activity, its principal measures and how it changes over time. Students will also develop an understanding of the courses of inflation and unemployment. They will also have analysed the composition of the main macroeconomic aggregates and how they are measured - consumption, saving, foreign economic activity, government spending. They will also gain an appreciation of how taxation and monetary policy can influence economic activity and the nature and causes of unemployment and inflation. They will also be able to relate the impact of changes in macroeconomic activity on the business sector.
The module will help students to acquire specific transferable skills. By attending lectures students will improve on their ability to digest information delivered in real time and take notes. They will develop their ability to follow arguments and develop their logic and as a result improve on their capacity to see and solve problems. Essay writing and class work will help them to acquire time management, teamwork and presentational skills. Their numeracy will be enhanced by handling quantitative relationships and formulae. Through use of the library and internet they will enhance their research and IT skills. The learning experience will encourage students to reflect on ideas and thoughts.
To introduce students to the principles underlying economics, using illustrations from the study of the overall economy.
This module introduces students to the fundamental principles underlying macroeconomics. It develops key analytical concepts and consolidates the skills, knowledge and understanding required to work in management and business from a specialist perspective, for students taking single, major or joing honours Economics and Business Economics.
- What is Macroeconomics?
- The Determinants of Macroeconomic Activity
- Measuring Economic Activity
- Inflation, Deflation and Unemployment
- Personal Consumption
- The Monetary System
- Government and the Economy
- The International Economy and the Domestic Economy
Reading ListRecommended Text
Case, K E, Fair, R C, Gartner, M and Heather, K (1999) Economics, 2nd edition Prentice Hall Primo search Frank, R and Bernanke, B (2004) Principles of Economics 2nd edition McGraw Hill Primo search Mankiw, N G, (2004) Principles of Economics 3rd edition Thomson Primo search Sloman, J (2000) Economics 4th edition Prentice Hall Primo search
This module is at CQFW Level 4