NBS8252 : Macroeconomic Theory
- Offered for Year: 2023/24
- Module Leader(s): Dr Roberto Bonilla Trejos
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
Aims
To develop students’ understanding of how the economy works through macroeconomic models. To give students the opportunity to apply these models to the analysis of various economic shocks and evaluate the effect of policies on the economy.
Outline Of Syllabus
Lectures 1-4 Developing the IS-PC-MR model and using it to analyse the most common shocks in a closed economy context
Lectures 5-7 Extending the closed economy model to analyse how open economies work.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 7 | 2:00 | 14:00 | PiP lectures |
| Guided Independent Study | Assessment preparation and completion | 1 | 41:00 | 41:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | PiP Seminars |
| Guided Independent Study | Independent study | 1 | 42:00 | 42:00 | N/A |
| Total | 100:00 |
Teaching Rationale And Relationship
Lectures provide the theoretical framework for the study of Macroeconomics.
Seminars provide an opportunity to enhance and test the understanding gained in lectures and private study.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 90 | 2 | A | 100 | Standard written examination |
Formative Assessments
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 2 | M | Practice questions are available |
Assessment Rationale And Relationship
The written exam consists of a set of scenarios that test students’ ability to select the appropriate framework for analysis, use it to predict the most likely outcomes for the macroeconomy and present the argument in a logical and coherent way, paying attention to the limitations of the models used.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8252's Timetable