University of Sussex Business School

Macroeconomics 2 (L1032)

Macroeconomics 2

Module L1032

Module details for 2022/23.

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 Assessment70.00%
Coursework components. Weighted as shown below.
EssayT1 Week 9 100.00%

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 SemesterLecture2 hours11111111111
Autumn SemesterSeminar1 hour01111111111

How to read the week pattern

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

Dr Adrien Montalbo


Mr Marcelo Rodrigues dos Santos

Assess convenor

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