Module Catalogues, Xi'an Jiaotong-Liverpool University   
 
Module Code: ECO216
Module Title: Macroeconomics II
Module Level: Level 2
Module Credits: 5.00
Academic Year: 2017/18
Semester: SEM2
Originating Department: International Business School
Pre-requisites: N/A
   
Aims
Provide an opportunity to gain an understanding of the open economy Macroeconomics, growth in the long run and economic policy analysis. The module is complimentary to Macroeconomics I where the closed economy was presented.
Learning outcomes 
A. Demonstrate a thorough understanding of the effects of a change in fiscal and monetary policy on the level of income and the balance of payment in a fixed exchange rate regime.

B. Demonstrate a strong understanding of the effects of a change in fiscal and monetary policy on the level of income and the exchange rate in a flexible exchange rate regime.

C. Understand, analyse and critically assess current macroeconomic problems widely addressed in the media such as unemployment, inflation, macroeconomic policy and exchange rate volatility.

D. Demonstrate critical awareness of the interrelationships between different macroeconomic policies that are also relevant to other areas of macroeconomics.

Method of teaching and learning 
The module will operate on a lecture and tutorial based format. The lectures outline the fundamental foundations of macroeconomics, present the theory and examine the empirical evidence related to different models. In each tutorial there will be specific exercises and analyses to be carried out plus topics to be discussed.
Syllabus 
1. Review of the closed economy.


2. Openness and the interest parity condition


3. The Keynesian cross in the open economy


4. The IS-LM model in the open economy


5. Exchange rate regimes


6. Growth: Stylized facts and the Solow Model


7. Growth: Technological progress in the Solow model


8. Economic Policy: Depressions and Slums


9. Limits of Economic Policy


10. Stabilization policy I: Monetary Policy


11. Stabilization policy II: Fiscal Policy


12. Introduction to the Schools of Macroeconomics

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 Work 15.00
3 Final Exam 70.00

Module Catalogue generated from SITS CUT-OFF: 10/22/2017 9:36:07 PM