EC302A-Macroeconomics II.1

Module Provider: Economics
Number of credits: 20 [10ECTS credits]
Level: H (Honours)
Terms in which taught: Autumn and Spring
Module Convenor: Dr R Chakrabarti
Pre-requisites: EC202A
Co-requisites:
Modules excluded:
Module version for: 2008/9

Email: R.Chakrabarti@reading.ac.uk

Aims:

Assessable learning outcomes:
To apply and extend the principles developed in EC202A to the analysis of important macroeconomic problems. At the end of the module students should be able to:
Understand and explain the major sources of growth and business cycles.
Understand the functioning of markets and the theories explaining market failure.
Define the scope for, and limitations of, government intervention to achieve particular macroeconomic objectives.
Understand the macroeconomic implications of both nominal and real rigidities.
Understand theories surrounding the NAIRU.

Additional outcomes:

Outline content:
Theories of long run economic growth.
Theories of short run economic fluctuations.
Theories of nominal rigidities, imperfect competition and New Keynesian macroeconomics.
Theories of real rigidities in the labour market: efficiency wages and hysteresis.
Theories of inflation and unemployment (NAIRU).

Brief description of teaching and learning methods:
Lectures provide the main teaching vehicle.

Contact hours:

	Autumn	Spring	Summer
Lectures	10 x 2 hrs	5 x 2 hrs	1 x 2 hrs
Tutorials/seminars	2 x 1 hr
Practicals
Other contact (eg study visits)
Total hours	22	10	2
Number of essays or assignments	1 compulsory test	1 compulsory essay or test
Other (eg major seminar paper)

Assessment:
Assessment:
Coursework
One compulsory test during the Autumn term.
One compulsory essay or test during the Spring term.

Relative percentage of coursework
Coursework has a weight of 30% in the final assessment mark (20% for the Autumn term; 10% for the Spring).

Penalties for late submission
Penalties for late submission will be in accordance with the University policy.
Unless an extension has been agreed beforehand, any work submitted after the deadline will be subject to a 10 out of 100 mark penalty deduction for work submitted between one and seven calendar days late, after which zero will be awarded.

Examination
One 2-hour unseen written paper.
Part 3 Final examinations begin in the third week of the Summer term.

Requirements for a pass
A minimum mark of 40%.

Reassessment arrangements
Re-examination for Finals takes place in August/September of the same year.

Last updated: 1 August 2008