Macroeconomics 2 (L1032)

15 credits, Level 5

Autumn teaching

The module is concerned with two main topics:

The Long Run is an introduction to how economies grow, gradually raising the standard of living, decade by decade. Once we have the basic analysis in place, we can begin to explain why there are such huge disparities in living standards around the world.

Expectations is a deepening of the behavioural background to modelling saving and investment decisions, emphasising the intrinsically forward-looking nature of saving and investment decisions and analysing the financial markets which coordinate these decisions.


69%: Lecture
31%: Seminar


20%: Coursework (Problem Set)
80%: Examination (Unseen examination)

Contact hours and workload

This module is 150 hours of work. This breaks down into 27 hours of contact time and 123 hours of independent study.

This module is running in the academic year 2017/18. We also plan to offer it in future academic years. It may become unavailable due to staff availability, student demand or updates to our curriculum. We’ll make sure to let our applicants know of such changes to modules at the earliest opportunity.


This module is offered on the following courses: