ECM192-Macroeconomics I

Module Provider: School of Politics, Economics and International Relations
Number of credits: 10 [5 ECTS credits]
Level:7
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2018/9

Module Convenor: Dr Hussein Hassan

Email: hussein.hassan@reading.ac.uk

Type of module:

Summary module description:
This module is intended to form a basic master’s level understanding of the core theories necessary to understand macroeconomic policy. This module provides a theoretical basis to understanding economic issues and policies. In particular, it is concerned how economic policies at the national level impact employment, inflation, and output. The module is designed for students with limited prior understanding of macroeconomics, or who wish to review their understanding of basic macroeconomic theory.

Aims:
The primary focus of this module is twofold: (1) understanding the core macroeconomic concepts of growth, inflation and unemployment – and how they are interrelated and (2) understanding how fiscal and monetary policy at both the national level influences these concepts. This includes having a detailed understanding of basic concepts such as GDP, inflation, and unemployment, understanding how monetary and fiscal policies are used, and applying these concepts to real world phenomenon.

Assessable learning outcomes:
Students should be able to describe the basic issues of concern at the macroeconomic level. In addition, they should be able to relate how monetary and fiscal policy at the national level impact employment, growth and recession. Finally, students should be able to discuss real world macroeconomic phenomenon in the context of any theories discussed.

Additional outcomes:
Students will be required to complete coursework such as problem sets, tests, essays, presentations, etc. In the process of completing these types of assignments, they must learn skills required to write reports, produce concise relevant presentations, and apply theoretical knowledge to real world situations.

Outline content:
Basic topics include: GDP, inflation, unemployment, aggregate supply and demand, understanding what constitutes monetary and fiscal policy, understanding the basic connections between macroeconomic variables and policies.

Brief description of teaching and learning methods:
Detailed guidance on the topics covered will be provided in the 5 x 2 hours weekly lectures, together with comprehensive slides covering the material discussed, examples, exercises and solutions to facilitate understanding of key concepts (the later reviewed over the course of the term in one tutorial). Students may be required to do exercises corresponding to each topic, to read a significant amount of journal articles, and to undertake research using the library, internet, etc.

Contact hours:
  Autumn Spring Summer
Lectures 10 1
Tutorials 2
Guided independent study 77 10
       
Total hours by term 89.00 1.00 10.00
       
Total hours for module 100.00

Summative Assessment Methods:
Method Percentage
Written exam 60
Class test administered by School 40

Summative assessment- Examinations:
One 1-hour unseen written paper, intended to be comprehensive of everything covered in the module.
Postgraduate examinations are held in the Summer term.

Summative assessment- Coursework and in-class tests:
Coursework (one class test) will count for 40% of the overall mark

Formative assessment methods:

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Assessment requirements for a pass:
A minimum weighted average mark of coursework and examination of 50%.

Reassessment arrangements:
Re-examination for all modules takes place in August/September of the same year.
Re-assessment is by examination only; coursework is not included at the second attempt.

Additional Costs (specified where applicable):
1) Required text books: Recommended but not required: Macroeconomics by N. Gregory Mankiw, Worth Publishers. Retail price is £50.
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 9 May 2018

THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.

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