| Unit name | Intermediate Macroeconomics |
|---|---|
| Unit code | ECON22134 |
| Credit points | 20 |
| Level of study | I/5 |
| Teaching block(s) |
Teaching Block 4 (weeks 1-24) |
| Unit director | Dr. Correia |
| Open unit status | Not open |
| Pre-requisites |
ECON10011 Introduction to Macroeconomics, ECON11122 & ECON12122 or equivalent |
| Co-requisites |
None |
| School/department | School of Economics |
| Faculty | Faculty of Social Sciences and Law |
The unit covers seven topics in macroeconomics. The first concerns long-run macroeconomics: the theory of economic growth and economic convergence. The next three explore the theories that explain short-run behaviour of aggregate demand: money, consumption and investment. Topic five covers theories of aggregate supply, stressing the roles played by rational expectations and price stickiness. Topic six develops the new Keynesian 3-equation model and explores its implications for monetary policy. In the final topic fiscal policy is analyses using the overlapping generations model. Topics 1 to 5 are covered in the Autumn term; topics 6 and 7 in the Spring term.
