EC2002 Intermediate Macroeconomics

Academic year

2024 to 2025 Semester 1

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 8

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Planned timetable

2.00 pm Mon, Tue, Thu and Fridays

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr N Chernyshev

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Nikolay Chernyshev, Selma Godinjak

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This module builds on EC1001, developing theories of the determinants of long-run economic growth, and developing theories of the causes of short-run business cycle fluctuations. The emphasis in this module is on macroeconomic theory - the building of macroeconomic models. However, we test the validity of these models empirically and use them to understand important events in recent economic history. The module remains reasonably non-technical so it is accessible to those whose study of economics ends at Level 2000. But, it also enables those students intending to pursue economics at honours to consolidate their understanding of basic principles of analysis and to develop the foundation on which the honours programme builds.

Relationship to other modules

Pre-requisites

BEFORE TAKING THIS MODULE YOU MUST PASS EC1001 OR PASS EC1004

Co-requisites

YOU MUST ALSO TAKE EC1003 OR TAKE MT1002

Assessment pattern

2-hour Written Examination = 50%, Coursework = 50%

Re-assessment

2-hour Written Examination = 100%

Learning and teaching methods and delivery

Weekly contact

3hr x 10 weeks lectures, 1hr x 5 tutorials, 1 hr x 10 exercise lectures

Scheduled learning hours

45

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

155

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • Understand a number of central macroeconomic models.
  • At an intermediate level outline and discuss these models diagrammatically, mathematically and in terms of the underlying human behaviour.
  • Use these models to help explain recent macroeconomic events and evaluate their usefulness.
  • Understand how government or other agencies might influence the outcomes predicted by these models.