Module Catalogues, Xi'an Jiaotong-Liverpool University   
 
Module Code: ECO224
Module Title: Intermediate Macroeconomics
Module Level: Level 2
Module Credits: 5.00
Academic Year: 2017/18
Semester: SEM2
Originating Department: International Business School
Pre-requisites: N/A
   
Aims
This module aims to provide students with a solid foundation of intermediate level macroeconomics. It extends the study of macroeconomic theory by incorporating the policy implications of the different macroeconomic models. It also examines the most relevant policy issues and controversies in the global macroeconomy.
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 both fixed and flexible exchange rate regimes.

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

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

Method of teaching and learning 
This module will be delivered via a combination of lectures and tutorials. Lectures are designed to provide essential information and introduce students to the basic tools of analysis used in Microeconomics. Tutorials will provide students with a learning opportunity designed to extend the material introduced in the lectures through the in-depth analysis of specific problems from various topics covered in the module.
Syllabus 
1. Introduction to modern macroeconomics

2. National Income: where it comes and where it goes

3. The monetary system

4. Inflation: Its Causes, Effects, and Social Costs

5. The open Economy

6. Unemployment

7. Growth Theory

8. Business Cycle Theory: The IS-LM model

9. The Mundell-Fleming Model and the exchange-rate regime

10. The trade-off between inflation and unemployment

11. The AS-AD model

12. Topics in Macroeconomic Theory: Financial System

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 Coursework 15.00
3 Final Exam 70.00

Module Catalogue generated from SITS CUT-OFF: 10/22/2017 10:49:23 AM