Module manager: Tadeusz Gwiazdowski
Email: T.Gwiazdowski@leeds.ac.uk
Taught: Semester 1 (Sep to Jan) View Timetable
Year running 2025/26
LUBS1951 Economic Theory and Applications OR LUBS1953 Economic Theory and Applications for Finance OR LUBS1940 Economics for Management AND at least ONE of: LUBS1285 Mathematics and Statistics for Economics and Business 1B OR MATH1000 Core Mathematics
This module is not approved as a discovery module
The module will consider a number of macroeconomic problems and explain the approach that macroeconomists take when attempting to solve these problems. Students will develop insight into how macroeconomic models and macroeconomic concepts are used to understand theoretical and real-world macroeconomic problems from a pluralist perspective.
The aim of this module is to provide students an intermediate level of understanding in a range of the tools, techniques, and theories of macroeconomics and to explore the application of macroeconomics.
On completion of this module, students will be able to:
- demonstrate an intermediate level knowledge of macroeconomic models and concepts
- critically discuss a range of macroeconomic models
- use macroeconomic models and concepts to critically evaluate a range of theoretical and real-world macroeconomic problems from a pluralist perspective
- understand the principles of international trade and how international trade impacts the macro economy.
The module will consider a number of theories and applications in macroeconomics. Indicative theoretical content includes a market-clearing module, a two-period model, a New Keynesian model, a heterodox model, and comparative advantage models versus modern models of trade. Indicative applied content includes measuring the impact of policy shocks on the economy, the principles of democracy and power relations in the economy, the impact of policy choices on output and inequality, and the economics of Brexit.
| Delivery type | Number | Length hours | Student hours |
|---|---|---|---|
| Lecture | 10 | 2 | 20 |
| Seminar | 5 | 1 | 5 |
| Private study hours | 75 | ||
| Total Contact hours | 25 | ||
| Total hours (100hr per 10 credits) | 100 | ||
This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.
Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.
| Exam type | Exam duration | % of formal assessment |
|---|---|---|
| Open Book exam | 3.0 Hrs 0 Mins | 100 |
| Total percentage (Assessment Exams) | 100 | |
The resit for this module will be 100% by 3 hour examination.
The reading list is available from the Library website
Last updated: 30/04/2025
Errors, omissions, failed links etc should be notified to the Catalogue Team