Macroeconomic Analysis (807L1)

15 credits, Level 7 (Masters)

Spring teaching

This module is oriented towards the design of macroeconomic policy in open economies in the short and medium term.

Among the topics covered are:

  • concepts of equilibrium unemployment
  • causes and consequences of real and nominal wage rigidity
  • rational expectations in models with and without market clearing
  • nominal income versus inflation targeting.


40%: Lecture
60%: Practical (Workshop)


100%: Coursework (Essay, Group submission (written))

Contact hours and workload

This module is approximately 150 hours of work. This breaks down into about 42 hours of contact time and about 108 hours of independent study. The University may make minor variations to the contact hours for operational reasons, including timetabling requirements.

We regularly review our modules to incorporate student feedback, staff expertise, as well as the latest research and teaching methodology. We’re planning to run these modules in the academic year 2023/24. However, there may be changes to these modules in response to COVID-19, staff availability, student demand or updates to our curriculum. We’ll make sure to let our applicants know of material changes to modules at the earliest opportunity.