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NBS8609 : Macroeconomics

  • Offered for Year: 2024/25
  • Module Leader(s): Dr Cesar Blanco
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus

Your programme is made up of credits, the total differs on programme to programme.

Semester 1 Credit Value: 20
ECTS Credits: 10.0
European Credit Transfer System


The module provides students with the foundations of modern macroeconomic analysis and aims to give them a deep understanding of how models are developed and used to interpret real world phenomena. Whenever possible, applications and specialist software will be used.

The module covers four main areas:
a) growth theory and empirics;
b) microfoundations of consumption and investment;
c) short-run macro models of the business cycle;
d) stabilisation policy.

Outline Of Syllabus

1. Economic growth models
a. Endogenous
b. Exogenous growth
c. Institutions

2. Consumption and investment
a. Microfoundations

3. Short-Run macro modelling
a. Real Business Cycle models
b. New Keynesian models

4. Stabilisation policies
a. Monetary and fiscal policies

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion641:0064:00N/A
Scheduled Learning And Teaching ActivitiesLecture142:0028:00Present-in-person
Guided Independent StudyDirected research and reading501:0050:00N/A
Scheduled Learning And Teaching ActivitiesPractical81:008:00Present-in-person in seminar rooms or computer labs
Guided Independent StudyIndependent study501:0050:00N/A
Teaching Rationale And Relationship

Lectures provide an exhaustive and in-depth introduction to core macro models. In seminars and/or computer classes, students will learn how to manipulate and apply macro models to understand real world phenomena. Private study facilitates review and understanding of lecture material.

Assessment Methods

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

Description Length Semester When Set Percentage Comment
Written Examination1801A100N/A
Formative Assessments

Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.

Description Semester When Set Comment
Prob solv exercises1MN/A
Assessment Rationale And Relationship

The formative problem-solving assessment will enable students to evaluate and deepen their understanding of the module content. The summative written examination is an appropriate means to test knowledge and understanding of the various models and associated results covered on the module.

Reading Lists