Macroeconomic Analysis 4

ECON20532 Macroeconomic Analysis 4 10 Semester 2 Undergraduate Level 2 Michele Berardi Unit coordinator Economics 1 FHEQ level (Framework for Higher Education Qualifications) ' Middle part of Bachelors ' European Credit Transfer & Accumulation System Rating : 5.0 The unit aims to introduce students to a number of theories and models of modern macroeconomics, with particular attention to the role played by money and prices in the economy. Students will learn to use a unified theoretical framework to address important questions in macroeconomics and will develop a deep understanding of the role of money, banks and financial intermediation in an economy. The unit aims to introduce students to a number of theories and models of modern macroeconomics, with particular attention to the role played by money and prices in the economy. Students will learn to use a unified theoretical framework to address important questions in macroeconomics and will develop a deep understanding of the role of money, banks and financial intermediation in an economy. The unit aims to introduce students to a number of theories and models of modern macroeconomics, with particular attention to the role played by money and prices in the economy. Students will learn to use a unified theoretical framework to address important questions in macroeconomics and will develop a deep understanding of the role of money, banks and financial intermediation in an economy. At the end of the course student should have developed an understanding of key aspects of modern macroeconomic theory and policy. Innovation/creativity critical thinking; problem posing, synthesis and analysis of data and information; critical reflection and evaluation. Problem solving Practical skills: using library; electronic and online resources. Research Using library, electronic and online resources. Other Transferable skills: information retrieval; numeracy; time management. ProvisionalPart I: MoneyThe role of money<ul><li>The role of money: a simple model of money (ch. 2, MME – with references to ch. 1)</li><li>Inflation, the Phillips curve and the Lucas Critique (ch. 4, MME)</li></ul>Part II: Banking<ul><li>Banking, liquidity and financial intermediation (ch. 8, MME)</li><li>Money stock fluctuations and output (ch. 10, MME)</li><li>Bank risk (ch. 13, MME)</li><li>Liquidity risk and bank panics (ch. 14, MME)</li></ul>Part III: Government debt and inflation<ul><li>Deficits and the national debt (ch. 15, MME)</li><li>The temptation of inflation (ch. 18, MME)</li></ul> Synchronous activities (such as Lectures or Review and Q&A sessions, and tutorials), and guided self-study 0 Other 100% 30% Coursework70% Final Exam  Students can receive further feedback from tutorials and office hours. ECON20521 Macroeconomic Analysis 3 Pre-Requisite Compulsory Co-Requisite: ECON20521ECON20521 Y <h3 style="text-align:justify; margin-top:13px">Bruce Champ, Scott Freeman and Joseph Haslag, Modeling Monetary Economies. Cambridge University Press, 4th Edition. (MME)</h3> 0 0 0 For every 10 course unit credits we expect students to work for around 100 hours. This time generally includes any contact times (online or face to face, recorded and live), but also independent study, work for coursework, and group work. This amount is only a guidance and individual study time will vary