Module Catalogues, Xi'an Jiaotong-Liverpool University   
 
Module Code: ECO213
Module Title: Macroeconomics I
Module Level: Level 2
Module Credits: 5.00
Academic Year: 2017/18
Semester: SEM1
Originating Department: International Business School
Pre-requisites: N/A
   
Aims
To extend the study of macroeconomic theory to the intermediate level. To analyse the policy implications of the different macroeconomic models presented during the semester. The most relevant policy issues and controversies in the world macroeconomy are presented.
Learning outcomes 
On completion of the module students will be able to:

-understand how changes in fiscal and monetary policy affect the closed economy in the Keynesian model

-demonstrate their understanding of the darivation of the IS and LM curves; what determines the slope of, and shifts in, the curves.

-understand what determines the relative effectiveness of fiscal and monetary policy in the IS-LM model of a closed economy.

-integrate the goods, money and labour market for economic policy analysis.

-be able to construct and write answers to macroeconomic analytical questions.

-understand, analyse and critically assess economic policy in alternative scenarios.

-be able to form your own economic view on current macroeconomic problems.

Method of teaching and learning 
The module-leader will provide 28 lectures which will introduce the topics as specified in the learning outcomes/ syllabus, explain their significance and relevance to an understanding of macroeconomics; reference will be made to the relevant chapters of the recommended text and other reading. To fulfil the requirements of the module students must attend all lectures and tutorials, do the specified reading and work through the tutorial exercises.
Syllabus 
1. Introduction to modern macroeconomics


2. The Keynesian cross in the closed economy.


3. The IS-LM model


4. The labour market


5. The AS-AD model


6. Unemployment


7. The Phillips curve


8. Dynamic adjustments in the AS-AD model


9. Nominal variables, real variables and expectations


10. Consumption, investment and expectations

Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 26     12      112  150 

Assessment

Sequence Method % of Final Mark
1 Midterm Exam 15.00
2 Group Assignment 15.00
3 Written Exam 70.00

Module Catalogue generated from SITS CUT-OFF: 10/22/2017 10:48:54 AM