The main aim of this module is to provide students with knowledge of core macroeconomic theory at the graduate level. The focus is on learning theoretical concepts and analytical techniques as an aid to understanding complex contemporary macroeconomic problems. In addition, the module will develop the toolbox essential for understanding all other macro-related modules in the programmes of students' further choice. The module is organized in three key parts. The first part deals with microeconomic foundations of macroeconomics and introduces rational expectations. The second part analyses short-term fluctuations in macroeconomic performance and how macroeconomic policy may be used to address these. Specifically, it provides rigorous treatment of the Real Business Cycle theory and monetary/fiscal policy as regulatory instruments. The third part deals with economic growth as a fundamental determinant of long-term macroeconomic performance.
Total contact hours: 30
Private study hours: 120
Total study hours: 150
This is a compulsory module for the:
* MSc in Economics
* MSc in Economics and Econometrics
* MSc in Development Economics
* MSc in Financial Economics
Main Assessment Methods:
• Take Home Test (80 minutes): 20%
• Examination (2 hours): 80%
Reassessment: 100% exam
*Exams will take place in-person*
The University is committed to ensuring that core reading materials are in accessible electronic format in line with the Kent Inclusive Practices.
The most up to date reading list for each module can be found on the university's reading list pages.
See the library reading list for this module (Canterbury)
On successfully completing the module students will be able to:
8.1 Demonstrate profound knowledge of theoretical models to analyse macroeconomic problems.
8.2 Comprehensively understand and critically evaluate macroeconomic phenomena
8.3 Clearly understand feedbacks between macroeconomic and microeconomic activity
8.4 Comprehensively understand actions and behaviour of government institutions overseeing macroeconomic activity
8.5 Form their own independent opinion on ongoing macroeconomic issues
University of Kent makes every effort to ensure that module information is accurate for the relevant academic session and to provide educational services as described. However, courses, services and other matters may be subject to change. Please read our full disclaimer.
