|Module Title||MACROECONOMIC PRINCIPLES AND MODELS|
|Co-ordinator||Mr Nicholas Perdikis|
|Co-Requisite||MA12610 and MA13610 (unless exempted)|
|Course delivery||Lecture||22 Hours|
|Seminars / Tutorials||10 Hours|
To provide students taking single, major or joint honours Economics with an introduction to the principal determinants of macroeconomic activity and the role of macroeconomic policy in stabilising the business cycle.
On successful completion of the module students will understand 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 should help students to acquire certain transferable skills. For example, by attending lectures students will improve on their note taking. More specifically they will be able 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 should be enhanced by their introduction to national economic statistics, the multiplier, etc. By encouraging students to make full use of the library and use WinEcon they should enhance their research and IT skills. This should also encourage students to reflect on ideas and thoughts.
The current year's module outline can be found via The School's website
Mankiw, N G,. ( 1997) Principles of Economics. Dryden Press
Case, K E; Fair, R C; Gartner, M and Heather, K,. (1999) Economics,. Prentice Hall, Europe