EC404-7-AU-CO:
MREs Macroeconomics
2023/24
Economics
Colchester Campus
Autumn
Postgraduate: Level 7
Current
Thursday 05 October 2023
Friday 15 December 2023
20
15 September 2023
Requisites for this module
(none)
(none)
(none)
(none)
(none)
MRESL10012 Economics,
MRESL100EB Economics,
MRESL100EK Economics,
MPHDL10048 Economics,
PHD L10048 Economics
This is an advanced course in macroeconomics. It covers the concepts and methods of modern macroeconomics. We begin with an overview of the two main paradigms of macroeconomics: the Classical and Keynesian models. We then develop the main model to study the economy in the long run: the Solow growth model. We then study the determinants of consumption and investment, and we finish with the study of economies in an infinite horizon.
The aims of this module are:
- To acquire the necessary tools for macroeconomic analysis. This requires close study of a few important readings.
- To focus on the important questions faced by macroeconomists.
By the end of this module, students will be expected to be able to:
- Grasp of the main issues and theories facing modern macroeconomists.
- Critically assess the role of macroeconomic policy in the short and long run.
Transferable Skills
Key employability skills delivered by the module include:
- Numeracy and ICT skills.
- Research, information and communication skills.
- Self-awareness, target setting, time management.
- Reflection and evaluation.
The key academic skills delivered by the module are detailed in the Key Skills table.
For some topics we will rely upon some advanced mathematics (especially, dynamic programming), which will be explained in class as we go along.
The module will be delivered via:
- One 2 hour lecture per week.
- One 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 the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office 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.
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 |
Mid-Term Test |
|
100% |
| Exam |
Main exam: In-Person, Open Book, 120 minutes during January
|
| 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
Whichever is the Greater:
EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark
OR 100 per cent Exam Mark IF Coursework Mark is a pass or better
Reassessment
Whichever is the Greater:
EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark
OR 100 per cent Exam Mark IF Coursework Mark is a pass or better
Module supervisor and teaching staff
Dr Yikai Wang, email: yikai.wang@essex.ac.uk.
Lectures & classes: Dr Yikai Wang
For further information, send an email message to pgteco@essex.ac.uk.
Yes
No
No
Dr Domenico Moro
university of Birmingham
Lecturer
Available via Moodle
Of 42 hours, 40 (95.2%) 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
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