ECO-30033 - Module Specification
Keele Business School
Faculty of Humanities and Social Sciences

Programme/Approved Electives for 2024/25

Available as a Free Standing Elective

Co-requisites

None

Prerequisites

ECO-10029 Introductory Macroeconomics

Barred Combinations

None

Description for 2024/25

This module is designed to provide students with an understanding of advanced macroeconomic theories, analytical approaches and empirical evidence and their implications for macroeconomic policy. These ideas will be developed in the context of key macroeconomic policy problems such as the business cycles and effectiveness of stabilization policy, the time inconsistency problem and its implications for monetary policy in its quest for low inflation, unemployment and the appropriate labour market institutional features, the effectiveness of fiscal policy and the constraints faced when sound public finances are to be maintained, and the questions related to and the main theoretical approaches to long-term growth of output and living standards.

The module will analyse the significance of macroeconomic dynamics and their implications for macroeconomic modelling and policy formulation.

Intended Learning Outcomes

recognise, interpret and evaluate theories, concepts and empirical research at the forefront of macroeconomics: 1
identify key macroeconomic phenomena in need analysis and become critically familiar with a variety of theoretical approaches, models and analytical methods that have been proposed as explanations of these phenomena: 1
explain economic principles that can be used to design, guide and evaluate economic policy: 1

Study hours

20 hours lectures
4 hours tutorials
90 hours independent study
36 hours exam preparation

School Rules

None

Description of Module Assessment