Macroeconomics

• Credit value: 30 credits at Level 7
• Tutors: Professor Gylfi Zoega, Professor Yunus Aksoy
• Assessment: an examination (80%) and two assignments (20%)

Through lectures and classes, this module familiarises you with tools in macroeconomics, and enables you to apply these tools to understanding how the economy works, forecasting and analysing public policy.

By the end of this module, you will be able to understand:

• the relationship between the key macroeconomic aggregates such as output, inflation, employment and interest rates
• how the interaction of firms and individuals in goods and input markets generates aggregate outcomes in the short, medium and long run
• the dynamics of consumption, output and inflation, the role and the design of monetary policy, the importance of data, parameter and model uncertainties in macroeconomic modelling.