Study-Unit Description

Study-Unit Description


CODE ECN3127

 
TITLE Applied Macroeconomics

 
LEVEL 03 - Years 2, 3, 4 in Modular Undergraduate Course

 
ECTS CREDITS 4

 
DEPARTMENT Economics

 
DESCRIPTION The objective of the study-unit is to develop the ability of students to apply macroeconomic theory and principles to actual real world examples. Over the course of the study-unit students will be presented with advanced macroeconomic theory in order to provide the necessary background to better comprehend the applied economic research which will be discussed throughout the study-unit. The application of theoretical macroeconomic models and relevant analysis of the underlying macroeconomic issues is thus presented and discussed for the following list of topics:

- The IS-LM Model;
- The Labour Market;
- Supply Side Policies;
- Inflation and Unemployment;
- Disinflation;
- Theories of Consumption Behavior;
- Theories of Investment Behavior;
- Exogenous Growth Theory.

Study-unit Aims:

- To encourage students to apply theoretical macroeconomic concepts to real world cases;
- To help students in understanding the usefulness of theoretical models in the analysis of macroeconomics;
- To introduce the students to a vast array of published journal articles papers.

Learning Outcomes:

1. Knowledge & Understanding:
By the end of the study-unit the student will be able to:

- Appreciate the role of theory in analyzing real world macroeconomic issues;
- Recognise divergencies between the real world and theoretical models;
- They will learn to present and summarize applied macroeconomic research.

2. Skills:
By the end of the study-unit the student will be able to:

- Better evaluate current macroeconomic issues in line with theory and macroeconomic models;
- Analyze policy options adopted within different economies;
- To make better use of journal articles within their studies and research.

Main Text/s and any supplementary readings:

Suggested Textbooks:
Carlin W., Soskice D., Macroeconomics – Imperfections, Institutions and Policies (2006).

Other textbooks:
Charles I.Jones. (2001), Introduction to Economic Growth , 2nd Edition.
Burda M. & Wyplosz C. (2005), Macroeconomics, A European Text, 4th Edition.

The students will also be provided with supplementary applied academic journal articles.

 
ADDITIONAL NOTES Pre-requisite Study-unit: ECN2218 - Intermediate Macroeconomics

 
STUDY-UNIT TYPE Lecture and Tutorial

 
METHOD OF ASSESSMENT
Assessment Component/s Assessment Due Resit Availability Weighting
Assignment SEM1 No 25%
Examination (2 Hours) SEM1 Yes 75%

 
LECTURER/S Ian P. Cassar

 
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 2020/1. It may be subject to change in subsequent years.

https://www.um.edu.mt/course/studyunit