ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title Macroeconomic Analysis
Code ECON905
Coordinator Dr S Mitra
Economics
Shalini.Mitra@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2022-23 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24

 6

       6

 36
Timetable (if known) 120 mins X 1 totaling 24
  		60 mins X 1 totaling 6
  		      60 mins X 1 totaling 6
  		 
Private Study 114
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination Standard UoL penalty applies Anonymous assessment There is a resit opportunity  2    100       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

This module aims to provide students with a well-rounded overview of modern macroeconomics. Topics covered are facts about growth, the Solow growth model (theory and empirics), the Neoclassical Growth model (growth with dynamic optimisation), and endogenous technical change. The second half of the course will focus on Real Business Cycle models and the New Keynesian framework. We will evaluate the successes and failures of the basic models in matching data.

Learning Outcomes

(LO1) Demonstrate in-depth knowledge and understanding of macroeconomic theory.

(LO2) Apply core advanced economic theory and quantitative methods to applied topics.

(LO3) Show theory and model based understanding of advanced analytical methods.

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial awareness

(S4) Communication skills

(S5) IT skills

(S6) International awareness

(S7) Lifelong learning skills

(S8) Ethical awareness

Teaching and Learning Strategies

2 hour lecture x 12 weeks
1 hour seminar x 6 weeks
1 hour group learning x 6 weeks
114 hours self-directed learning

Syllabus
 

Topic 1: The Solow growth model;

Topic 2: The Ramsey-Cass-Koopmans model;

Topic 3: Models of Endogenous Growth;

Topic 4: Real Business Cycle Models;

Topic 5: New Keynesian Models.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.