|| EC34510 |
|| THE BUSINESS CYCLE AND MACROECONOMIC POLICY |
|| 2004/2005 |
|| Mr Nicholas Perdikis |
|| Semester 1 |
|| Mr Bruce Morley |
|| EC10510 , EC10610 or, EC10120 , EC10320 |
|| EC30330 |
| Course delivery
|| Lecture || 16 Hours |
|| Group Work || 3 Hours In the form of presentations |
|Assessment Type||Assessment Length/Details||Proportion|
|Semester Exam||1.5 Hours ||100%|
|Supplementary Exam||1.5 Hours ||100%|
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 thought;
the causes of economic growth.
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.
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.
Overview of business cycles and economic growth
The nature and cause of economic growth
Real business cycles
Political business cycle
New classical and new Keynesian macro policies
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.
R C O Matthews The Trade Cycle,
D Miles and A Scott A Macroeconomics: Understanding the Wealth of Nations,
B Snowdon and H R Vane A Macroeconomic Reader,
This module is at CQFW Level 6