Advanced Macroeconomics (L1059)

15 credits, Level 5

Spring teaching

The module completes the macroeconomics sequence, starting with a consideration of the policy implications of rational expectations. The macroeconomy is then opened up to international trade and capital movements: the operation of monetary and fiscal policies and the international transmission of disturbances under fixed and flexible exchange rates are contrasted, and the issues bearing on the choice of exchange-rate regime are explored. The major macroeconomic problems of hyperinflation, persistent unemployment and exchange-rate crises are examined. The module concludes by drawing together the implications of the analysis for the design and operation of macroeconomic policy.


61%: Lecture
39%: Seminar


20%: Coursework (Observation)
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: