BEC4002: The Economy: Macroeconomics

The aim of the module is to provide students with a comprehensive understanding of

macroeconomics and a foundation for their study at the intermediate level.

Learning Outcomes

On successful completion of the module, a student should be able to:

• Evaluate aggregate economic activity
• Analyse the composition of national income
• Discuss the significance of the use of money for economic activity and
inflation
• Analyse the significance of international trade for the level of national income
• Demonstrate understanding of the working of a modern capitalist economy
• Examine how institutions differ among economies and how this impacts on
macroeconomic performance

1.) Required reading

http://www.core-econ.org/

Parkin, Powell and Mattews (2017). Economics: European Edition. 10th Edition.
Pearson

2.) Recommended Reading

Mankiw, N. G. (2015) Principles of Macroeconomics, 7th Edition. Cengage Learning.

3.) Indicative Content

• Measuring the macro economy

• The circular flow of income
• Equilibrium national income
• Unemployment
• Technological change, population and economic growth
• Credit, Banks and Money
• Economic fluctuations and unemployment
• Fiscal Policy
• Monetary Policy
• The nation in the world economy
• The Great Depression, the golden age of capitalism and the Global Financial
crisis.
• Aggregate Demand – Aggregate Supply model

6.) Assessment
a. Coursework, 50% of final grade.
c. 2 hour exam, 50% of final grade