Module manager: Antonio Rodriguez Gil
Email: a.rodriguezgil@leeds.ac.uk
Taught: Semester 1 (Sep to Jan) View Timetable
Year running 2024/25
LUBS2610 Intermediate Macroeconomics AND at least ONE of: LUBS2230 Mathematics for Business and Economics 2 OR LUBS2920 Advanced Analytical Methods OR MATH2640 Introduction to Optimisation
This module is not approved as a discovery module
This module develops the macroeconomic modules presented in levels 1 and 2, to present the current state of the different macroeconomic debates and consensus.
This module aims to provide students with advanced knowledge and understanding of the core debates and consensus in macroeconomics.
Upon completion of the module, students will be able to:
- Identify and compare the general approaches and frameworks used in macroeconomics (Classical and Keynesian)
- Describe and identify the arguments in favour and against of macroeconomic policies to stabilize the economy, the use of fiscal policy and the use of structural policies
- Describe and assess conflicting theories of money and inflation
- Explain current consensus in macroeconomic policy
- Apply macroeconomic theories to analyse macroeconomic developments and evaluate their implications
- Relate course materials to policy makers’ decisions (Central Bank, fiscal authorities or employment related legislation) and judge them
Upon completion of the module, students will be able to:
Transferable
- Deploy skills of data analysis and interpretation
- Present coherently
Subject Specific
- Apply critical thinking to compare conflicting explanations of the same macroeconomic development
Indicative content:
Develop the macroeconomic models presented in level 2, for that purpose we elaborate on the microeconomic foundations of models. Further, we explore the empirical debates to critically assess models.
- Aggregate demand (Consumption and Investment)
- Aggregate supply (Wage and price setting, hysteresis)
- Monetary policy (Central banking and inflation targeting)
- Expectations (Expectation formation and central banking)
- Credit (Credit constraints)
| Delivery type | Number | Length hours | Student hours |
|---|---|---|---|
| Lecture | 12 | 1 | 12 |
| Seminar | 5 | 1 | 5 |
| Private study hours | 83 | ||
| Total Contact hours | 17 | ||
| 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 |
|---|---|---|
| Standard exam (closed essays, MCQs etc) | 2.0 Hrs 0 Mins | 100 |
| Total percentage (Assessment Exams) | 100 | |
The resit for this module will be 100% by 2hr examination.
The reading list is available from the Library website
Last updated: 4/29/2024
Errors, omissions, failed links etc should be notified to the Catalogue Team