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Module ASB-3709:
Macroenconomics

Module Facts

Run by Bangor Business School - (Changsha)

10.000 Credits or 5.000 ECTS Credits

Semester 2

Organiser: Ms Wendy Ashurst

Overall aims and purpose

To familiarise students with the workings of the global economy. The focus is on analysing the behaviour of real world economies in the light of macroeconomic theory. Topics covered will include growth, business cycles and monetary and fiscal policy; stressing the role that each of these elements plays in determining the performance of the global economy.

Course content

Economic growth, physical and human capital, technological progress; Labour market, skills and unemployment; Business cycles, consumption and investment; Fiscal policy, public finances; Monetary policy, money and inflation; International macro, currencies and exchange rates.

Assessment Criteria

excellent

In addition to the above, the ability to illustrate and enhance arguments and analyses through the use of relevant supporting evidence drawn from the established literature.

threshold

A basic knowledge of course material.

good

In addition to the above, an ability to write analytically on specific issues.

Learning outcomes

  1. Understand and explain the principles and motivation underlying government economic policy.

  2. Analyse the determinants of the long run performance of various economies around the world.

  3. Analyse the determinants of short run economic performance, or business cycles.

  4. Analyse the determinants of inflation and unemployment.

  5. Analyse the inter-linkages between various macro variables.

Assessment Methods

Type Name Description Weight
Final Examination 1.5 hours 75.00
Assignment 25.00

Teaching and Learning Strategy

Hours
Lecture 20
Private study 80

Transferable skills

  • 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.

Courses including this module

Compulsory in courses:

  • N392: BSc Banking & Finance (Bangor College, China) year 3 (BSC/BFINBC)

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