Modiwl ASB-2308:
Macroeconomics

Ffeithiau’r Modiwl

Rhedir gan Bangor Business School

20 Credyd neu 10 Credyd ECTS

Semester 2

Trefnydd: Dr Noemi Mantovan

Amcanion cyffredinol

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.

Cynnwys cwrs

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.

Meini Prawf

trothwy

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.

ardderchog

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.

da

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- i 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.

Canlyniad dysgu

  1. Comment critically upon macroeconomic policy.

  2. Solve simple macroeconomic models.

  3. Understand the relationships between the domestic economy and the global economy.

  4. Explain the linkages and connections among macroeconomic variables.

  5. Contrast mainstream macroeconomic models.

  6. Explain major macroeconomic concepts and terms.

Dulliau asesu

Math Enw Disgrifiad Pwysau
GWAITH CWRS On-line Test

Multiple choice online test focusing on economic growth and classical open economy

10
PRAWF DOSBARTH Class Test

The class test will comprise a multiple parts exercise about classical economy. It will also present a few short answer questions about Keynesian theory, aggregate supply, unemployment and expectations.

25
ARHOLIAD Final Examination S2 2.5hrs

The exam will be composed of three parts: a multiple part exercise, short answer questions and essay questions.

65

Strategaeth addysgu a dysgu

Oriau
Lecture

Lectures: 3 hours lecture per week. The last hour in each week will be dedicate to tutorials and exercise solving.

30
Private study

Students need to prepare for lectures, attempt to solve the tutorials and study the material provided.

170

Sgiliau Trosglwyddadwy

  • Rhifedd - Medrusrwydd wrth ddefnyddio rhifau ar lefelau priodol o gywirdeb
  • Archwilio - Gallu ymchwilio ac ystyried dewisiadau eraill
  • Adalw gwybodaeth - Gallu mynd at wahanol ac amrywiol ffynonellau gwybodaeth
  • Dadansoddi Beirniadol & Datrys Problem - Gallu dadelfennu a dadansoddi problemau neu sefyllfaoedd cymhleth. Gallu canfod atebion i broblemau drwy ddadansoddiadau ac archwilio posibiliadau

Sgiliau pwnc penodol

  • Abstraction. From the study of economic principles and models, students see how one can abstract the essential features of complex systems and provide a useable framework for evaluation and assessment of the effects of policy or other exogenous events. Through this, the typical student will acquire proficiency in how to simplify while still retaining relevance. This is an approach that they can then apply in other contexts, thereby becoming more effective problem-solvers and decision-makers.
  • Analysis, deduction and induction. Economic reasoning is highly deductive, and logical analysis is applied to assumption-based models. However, inductive reasoning is also important. The development of such analytical skills enhances students' problem-solving and decision-making ability.
  • Quantification and design. Data, and their effective organisation, presentation and analysis, are important in economics. The typical student will have some familiarity with the principal sources of economic information and data relevant to industry, commerce, society and government, and have had practice in organising it and presenting it informatively. This skill is important at all stages in the decision-making process.
  • Framing. Through the study of economics, a student should learn how to decide what should be taken as given or fixed for the purposes of setting up and solving a problem, i.e. what the important 'parameters' are in constraining the solution to the problem. Learning to think about how and why these parameters might change encourages a student to place the economic problem in its broader social and political context. This 'framing' skill is important in determining the decision-maker's ability to implement the solutions to problems.

Adnoddau

Goblygiadau o ran adnoddau ar gyfer myfyrwyr

Students only need one out of the two books. The book I mostly recommend is the one by Mankiw costs £62.99, but is available used for about £20.

Rhestrau Darllen Bangor (Talis)

http://readinglists.bangor.ac.uk/modules/asb-2308.html

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