Course finder
Semester 2
Topics in Macroeconomics (ECNM10069)
Subject
Economics
College
CAHSS
Credits
20
Normal Year Taken
3
Delivery Session Year
2023/2024
Pre-requisites
Visiting students must have completed the equivalent of at least 4 semester-long Economics courses at grade B or above for entry to this course. This MUST INCLUDE courses in: Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); Probability & Statistics. If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required at grade B or above. Please see Additional Restrictions below.
Course Summary
This course is designed to provide a coherent development of some important topics in macroeconomic analysis at a more advanced level than that of standard intermediate courses. It thus extends and deepens the work of Economics 1 and Economics 2, bridging the gap between intermediate and graduate level courses in economics, and providing insight into some recent areas of economic research activity. Throughout there is an emphasis on the application of economic principles. The course has a mathematical content and knowledge of calculus is assumed.
Course Description
The first block is concerned with the determinants of long-run economic growth and income levels. Here we investigate the extent to which the exogenous and endogenous accumulation of physical and human capital as well as technology explain differences in GDP per worker across the world. If time permits, we will also briefly study how cross-country income differences are related to the topics of fertility and/or sectoral structural transformation. The aim of the second block is to provide an overview of the economics of the aggregate labour market. Central issues that will be covered are the determination of aggregate employment, unemployment and wages. Topics will include the classical theory of labour supply and demand, efficiency wages, unions, and search models of unemployment.
Assessment Information
Written Exam 80%, Coursework 20%, Practical Exam 0%
Additional Restrictions
It is not suitable for students to take this course alongside Economics 2 (ECNM08006).
view the timetable and further details for this course
Disclaimer
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