EC994-7-SP-CO:
Advanced Macroeconomics
2023/24
Economics
Colchester Campus
Spring
Postgraduate: Level 7
Current
Monday 15 January 2024
Friday 22 March 2024
20
04 September 2023
Requisites for this module
(none)
(none)
(none)
(none)
(none)
MRESL10012 Economics,
MRESL100EB Economics,
MRESL100EK Economics,
MRESL100KE Economics,
MPHDL10048 Economics,
PHD L10048 Economics
This module introduces some of the fundamental building block of modern macroeconomics left uncovered by the first term module and will cover both real and monetary economies.
The aims of this module are:
- To acquire the necessary tools for conducting independent macroeconomic research.
- To focus on the important policy questions faced by macroeconomists.
By the end of this module, students will be expected to be able to:
- Have acquired a toolkit which they can use for their own Macroeconomic research.
Skills for your Professional Life (Transferable Skills)
By the end of this module, students will be expected to have gained the following transferable skills:
- Numeracy and ICT skills.
- Research, information and communication skills.
- Self-awareness, target setting, time management.
- Reflection and evaluation.
This module builds on the notions covered in the Macroeconomics module.
This module starts with more advanced techniques of dynamic programming. It will then cover the theory of Real Business Cycle, with particular emphasis on how to solve these models numerically, using Dynare.
It will then study the implications of three different types of frictions: nominal rigidities (New-Keynesian model); search and matching frictions (Diamond-Mortensen-Pissarides model); and financial frictions (financial accelerator model).
The third part of the module focuses on Fiscal policy. We will look at the effects of government spending and taxation. We also examine optimal policy under complete and incomplete markets and the problem of time inconsistency.
This module will be delivered via:
- One 2-hour lecture 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.;
- Problem sets will include analytical and numerical parts and answers that will be posted on Moodle will give you guidance on the appropriate method to approach the problems, assignments, and tests.
- Office hours where any additional questions can be addressed.
Students should be sure to use these methods to understand how to improve their own performance.
This module does not appear to have any essential texts. To see non - essential items, please refer to the module's
reading list.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Test -In Person |
|
100% |
| 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
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
Mr Lukas Mayr, email: lukas.mayr@essex.ac.uk.
Lectures & Classes: Mr Lukas Mayr
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 31 hours, 29 (93.5%) 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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