Module ETB-3301:
Macroeconomics
Macroeconomics 2023-24
ETB-3301
2023-24
Bangor Business School
Module - Semester 2
10 credits
Module Organiser:
Bruce Vanstone
Overview
The content is divided in six main topics:
- Economic growth, with analysis of both the Solow model and endogenous growth models. The module will provide a detailed description of physical and human capital, and total factor productivity.
- Labour market. Analysis of both demand and supply of labour, as well as models of competing monopolies. Also, discussion of unemployment and the effects of institutional factors, including the effects of employment protection legislation.
- Business cycles, with a specific focus on consumption and investment and different economic school of thoughts (Keynesian and Real Business Cycle).
- Fiscal policy and public finances: this topic will focus on taxation, government consumption and government debt.
- Monetary policy: this topic will focus on different approaches to monetary policy in theory and in practice, including a detailed discussion of the operating and intermediate instruments of monetary policy. It will also entail discussion of inflation and money demand and supply.
- International macro: this topic will focus on currencies and exchange rates as well as international trade and trade policy.
Learning Outcomes
- Analyse the determinants of inflation and unemployment.
- Analyse the determinants of short run economic performance, or business cycles.
- Analyse the determinants of the long run performance of various economies around the world.
- Analyse the inter-linkages between various macro variables.
- Understand and explain the principles and motivation underlying government economic policy.
Assessment type
Summative
Description
Assignment
Weighting
25%
Assessment type
Summative
Description
Examination S2
Weighting
75%