ECM193-Macroeconomics II

Module Provider: School of Politics, Economics and International Relations
Number of credits: 10 [5 ECTS credits]
Level:7
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2019/0

Module Convenor: Ms Fangya Xu

Email: fangya.xu@reading.ac.uk

Type of module:

Summary module description:
This module is intended to form a more advanced understanding of the theories necessary to understand macroeconomic policy. It assumes students are familiar with the core concepts of output, inflation and unemployment – and how they are interrelated at the national level. This module aims at understanding economic policies at the international level and issues impacting long-run growth.

Aims:

The primary focus of this module is twofold: (1) understanding how fiscal and monetary policy at international level influences inflation and output, and (2) understanding determinants of long-run economic growth. This includes having a detailed an open economy IS-LM model, and long-run economic growth models, and applying these concepts to real world phenomenon. 


Assessable learning outcomes:

Students should be able to relate how monetary and fiscal policy at the international level impact output, inflation and growth. They should also be able to tackle the questions of why there are large differences in terms of levels and rates of growth between countries. Finally, students should be able to discuss real world macroeconomic phenomenon in the context of core macroeconomic theory. 


Additional outcomes:

Students should be able to relate how monetary and fiscal policy at the international level impact output, inflation and growth. They should also be able to tackle the questions of why there are large differences in terms of levels and rates of growth between countries. Finally, students should be able to discuss real world macroeconomic phenomenon in the context of core macroeconomic theory. 


Outline content:

Basic topics include: understanding what constitutes monetary and fiscal policy at the international level, liquidity traps and long-run economic growth. 


Global context:

The context of much of the module concerns understanding the differences in the macroeconomic situation and trajectories of different countries, as well as differences in how they manage macroeconomic policy.


Brief description of teaching and learning methods:

Detailed guidance on the topics covered will be provided in the 5 x 2 hours weekly lectures, exercises and solutions to facilitate understanding of key concepts (the later reviewed over the course of the term in tutorials). Students may be required to do exercises corresponding to each topic, and are expected to practise solving problems based on the theories discussed.  


Contact hours:
  Autumn Spring Summer
Lectures 11
Tutorials 2
Guided independent study: 77 10
       
Total hours by term 90 10
       
Total hours for module 100

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

Summative assessment- Examinations:

One 2-hour unseen written paper.  Postgraduate examinations are held in the Summer term.


Summative assessment- Coursework and in-class tests:

Coursework (one class test – 90mins) 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) Textbooks: 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: 14 August 2019

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

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