The aim of this module is to further extend the study of macroeconomics at intermediate level. The module follows a modern approach to macroeconomics by building macroeconomic models from microeconomic principles.
On completion of this module, students should be able to: 1) examine macroeconomic data and analyse macroeconomic events; 2) critically evaluate macroeconomic models, 3) build and solve micro-founded macroeconomic models; 4) explain the implications of shocks and evaluate the effects of fiscal and monetary policies using macroeconomic models.