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Introduction to Macroeconomics (SESS0008)

Key information

Faculty
Faculty of Arts and Humanities
Teaching department
School of Slavonic and East European Studies
Credit value
15
Restrictions
This is a compulsory first year module for SSEES BA Economics and Business (with EE Studies) students and BA History, Politics and Economics students and an optional module for first year BA Politics and Sociology students. We will accept first year students from other 香港六合彩 departments if spaces are available, particularly first year BASc students on the Societies and Sciences and Engineering Pathway. This course is not open to affiliate students.
Timetable

Alternative credit options

There are no alternative credit options available for this module.

Description

This module covers key concepts and standard theoretical models aimed at understanding the basics of macroeconomic policy. In this course, we will be developing a general equilibrium model based on an analysis of three different markets - goods, financial, and labour market 鈥 focusing on the short (year-to-year) and medium run (less than 5 years) macroeconomic dynamics to better understand the role of macroeconomic policies for business cycles stabilisation.

By modelling the macroeconomy, we will also be able to analyse and explain some of the crucial questions facing economic policy-makers in present times, including the Global Financial Crisis, the policy response to the Covid19 lockdown, the UK mini-budget crisis, the recent inflationary pressures, etc. To this purpose, you will be trained to collect and interpret macroeconomic data in the light of relevant theoretical models.

While 'SESS0008: Introduction to Macroeconomics' can be taken as a stand-alone course, it also provides the necessary foundation for the intermediate unit, 'SESS0021: European Macroeconomics', and together these two units provide a solid background for more advanced studies (see SESS0068: 鈥業nternational Macroeconomics鈥.

Course assessment - MCQ test (30% weighting) and 2 hours examination (70% weighting).

Textbook: 鈥淢acroeconomics: A European Perspective鈥 by Blanchard, Amighini, Giavazzi- 2021 (4th edition)

Module deliveries for 2024/25 academic year

Intended teaching term: Term 2 听听听 Undergraduate (FHEQ Level 4)

Teaching and assessment

Mode of study
In Person
Methods of assessment
30% In-class activity
70% Exam
Mark scheme
Numeric Marks

Other information

Number of students on module in previous year
218
Module leader
Dr Serena Merrino
Who to contact for more information
ssees-eb@ucl.ac.uk

Last updated

This module description was last updated on 19th August 2024.