Economic Principles (Macro)

This is a first year module covering macroeconomic principles. It seeks to provide students with the basic concepts and ideas prevailing in (mainstream) macroeconomic theory. It further seeks to introduce students to basic features of macroeconomic reasoning and to develop an understanding of the workings of economic systems. The interaction of macroeconomic variables and mechanisms will be examined for the short and long period, as well as within a closed economy and in terms of the relations between nations (open macroeconomics).

Objectives and learning outcomes of the module

Upon successful completion of this module a student will obtain:

• Good understanding of the building blocks of modern macroeconomic theory
• A critical understanding of the importance of the key assumptions underlying macroeconomic models
• Awareness of different theoretical approaches to analysing macroeconomic problems
• Ability to develop and present coherent and logical economic arguments orally and in writing
• Ability to analyse and evaluate theoretical claims and their policy implications

Method of assessment

• 50% essay
• 30% group project
• 20% mid-term assignment

Suggested reading

TBC

Disclaimer

Important notice regarding changes to programmes and modules