| CODE | ECN4111 | |||||||||
| TITLE | Macroeconomics (Microeconomic Foundations) | |||||||||
| UM LEVEL | 04 - Years 4, 5 in Modular UG or PG Cert Course | |||||||||
| MQF LEVEL | Not Applicable | |||||||||
| ECTS CREDITS | 5 | |||||||||
| DEPARTMENT | Economics | |||||||||
| DESCRIPTION | Course Objective: The course sets to re-interpret macroeconomic phenomena in terms of micro-economic fundamental behaviour. The emphasis is on the implications that inter-temporal and strategic decision-making as influenced by expectations bear for macroeconomic variables such as consumption, . investment, imports, exports, money and interest rates, the labour market and economic growth. The important conclusion of the course is the emphasis on supply-side structural features of the economy, as opposed to aggregate demand management, as being the main determinant of economic performance. Indicative list of topics to be covered: - Consumption investment and saving in single representative agent models - Money and interest rates Aggregate demand - Labour market and aggregate supply - Economic growth - Applications to the Maltese economy Suggested Textbooks: - Barro, European Macroeconomics. |
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| STUDY-UNIT TYPE | Lecture | |||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Gordon Cordina |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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