NBS8252 : Macroeconomic Theory
- Offered for Year: 2019/20
- Module Leader(s): Dr Wessel Vermeulen
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
|Semester 2 Credit Value:||10|
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.
|Scheduled Learning And Teaching Activities||Lecture||7||2:00||14:00||N/A|
|Guided Independent Study||Assessment preparation and completion||1||32:00||32:00||N/A|
|Guided Independent Study||Directed research and reading||1||25:00||25:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||4||1:00||4:00||N/A|
|Guided Independent Study||Independent study||1||25:00||25:00||N/A|
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.
The format of resits will be determined by the Board of Examiners
|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.