EC324-6-AU-CO:
Macroeconomics (Advanced)
2023/24
Economics
Colchester Campus
Autumn
Undergraduate: Level 6
Current
Thursday 05 October 2023
Friday 15 December 2023
15
22 August 2023
Requisites for this module
EC201
(none)
(none)
(none)
(none)
This module complements and extends the material covered in intermediate macroeconomics. It aims to give students an understanding of the context and methods of modern macroeconomic analysis. There is a particular focus on the core methodological principles – the microfoundations of macroeconomics – and their implications for analysis of aggregate economic data. We will emphasize the dynamics – long, medium, and short run – and uncertainty inherent in aggregate output, prices, wages, unemployment and inequality. We will discuss difficulties in building a coherent yet practical conceptual framework used to evaluate alternative macroeconomic theories. Key ideas in the module will be illustrated with reference to recent events and current policy debates.
The aim of this module is:
- To give students an understanding of macroeconomic data and the way in which modern macroeconomics interprets these observations.
By the end of this module, students will be expected to be able to:
- Approach macroeconomics critically.
- Evaluate the strength of empirical evidence for macroeconomic theories and macroeconomic policy positions.
Transferable Skills
Students completing the module will have :
- Developed their analytical reasoning and conceptualization skills.
- Gained facility with the interpretation of mathematics and statistics.
- Gained further experience with the world wide web, as well as in surveying and summarising scientific literature, and in the written presentation of material.
They may also work together in teams to complete the problem sets.
No additional information available.
The module will be delivered via:
- Two 1-hour lectures per week.
- One 1-hour class per week.
Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on moodle that will give you written guidance on the appropriate method to approach the problems on the problem sets, midterm tests and mock final; and academic support hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance.
Lecture notes, problem sets, mock final and feedback (including solutions) are made available online via Moodle.
The above list is indicative of the essential reading for the course.
The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students.
Further reading can be obtained from this module's
reading list.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
EC324 Midterm Test |
|
|
| Exam |
Main exam: In-Person, Open Book, 120 minutes during Summer (Main Period)
|
| Exam |
Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Prof Eric Smith, email: esmith@essex.ac.uk.
Lectures: Prof Eric Smith / Classes: Miss Ashley Burdett
For further information, send an email message to fineco@essex.ac.uk.
Yes
Yes
No
Mr Pedro David Matos Serodio
Mr Teng Ge
Available via Moodle
Of 32 hours, 30 (93.8%) hours available to students:
0 hours not recorded due to service coverage or fault;
2 hours not recorded due to opt-out by lecturer(s), module, or event type.
Economics
Disclaimer: The University makes every effort to ensure that this information on its Module Directory is accurate and up-to-date. Exceptionally it can
be necessary to make changes, for example to programmes, modules, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements,
industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to modules may for example consist
of variations to the content and method of delivery or assessment of modules and other services, to discontinue modules and other services and to merge or combine modules.
The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications and module directory.
The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.