Run by Bangor Business School - (Changsha)
10.000 Credits or 5.000 ECTS Credits
Organiser: Ms Wendy Ashurst
Overall aims and purpose
To develop students understanding of the core components of macroeconomics, building upon the material introduced in first year Introduction to Economics. To provide a basis on which to study theoretical and applied macroeconomics in third year modules.
In particular, the module will extend students’ analytical skills in relation to classical and Keynesian theories of the macroeconomy, and develop their understanding of policy interventions.
The content will consist of the main models of basic macroeconomics. In particular, it will focus on the role of macroeconomics, macroeconomic variables and statistics. The module will also introduce schools of thought and explore the classical and Keynesian models. Moreover, it will focus on aggregate demand and supply analysis,the Phillips curve and the role of expectations. It will analyse open economy macroeconomics in detail. The module will then focus on macroeconomic policy debates: monetary policy, fiscal policy, exchange rate policy, government debt management. Finally it will focus on theories of growth.
A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.
B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.
C- to C+
C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.
D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.
Solve simple macroeconomics models.
Explain major macroeconomic concepts and terms.
Explain the linkages and connections among macroeconomic variables.
Understand the relationships between the domestic economy and the global economy.
Comment critically upon macroeconomic policy.
Contrast mainstream macroeconomic models.
|: Class Test 1 hour||30.00|
|Final Examination 1 hour||70.00|
Teaching and Learning Strategy
Lectures: 3 hours lecture per week. The last hour in each week will be dedicate to tutorials and exercise solving.
Students need to prepare for lectures, attempt to solve the tutorials and study the material provided.
- Numeracy - Proficiency in using numbers at appropriate levels of accuracy
- Exploring - Able to investigate, research and consider alternatives
- Information retrieval - Able to access different and multiple sources of information
- Critical analysis & Problem Solving - Able to deconstruct and analyse problems or complex situations. To find solutions to problems through analyses and exploration of all possibilities using appropriate methods, rescources and creativity.