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Module

NBS8252 : Macroeconomic Theory

  • Offered for Year: 2022/23
  • 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 ActivitiesLecture72:0014:00PiP lectures
Guided Independent StudyAssessment preparation and completion141:0041:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00PiP Seminars
Guided Independent StudyIndependent study142:0042:00N/A
Total100:00
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. Pre-recorded lectures will deal with more technical aspects, allowing in-person classes to maximise discussions and interactions.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination902A100Standard written examination
Formative Assessments
Description Semester When Set Comment
Prob solv exercises2MPractice 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