University of Sussex Business School

Macroeconomics 2 (L1032)

Macroeconomics 2

Module L1032

Module details for 2019/20.

15 credits

FHEQ Level 5

Module Outline

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.

Module learning outcomes

Demonstrate understanding of the core concepts and key features of the macro economy as they relate to the medium run and long run, respectively

Evaluate the consequences of economic shocks or policy interventions on macroeconomic outcomes—in particular, output, unemployment and inflation—based on the New Keynesian synthesis and the Solow growth model

Recognise limitations of the theoretical framework used and identify uncertainties around such analyses

Develop an analytical reasoning to help evaluate ideas, and demonstrate a capacity to provide economic arguments both verbally and in writing

Multiple Choice questionsSemester 1 Assessment60.00%
Coursework components. Weighted as shown below.
EssayT1 Week 10 75.00%
ObservationT1 Week 11 25.00%

Submission deadlines may vary for different types of assignment/groups of students.


Coursework components (if listed) total 100% of the overall coursework weighting value.

TermMethodDurationWeek pattern
Autumn Semester1 hour11111011111
Autumn Semester2 hours11111011111

How to read the week pattern

The numbers indicate the weeks of the term and how many events take place each week.

Mr Nicolo Tamberi

Assess convenor

Mr Diego De La Fuente Stevens

Assess convenor

Prof Gabriella Cagliesi

Convenor, Assess convenor

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