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
  • 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.

We regularly review our modules to incorporate student feedback, staff expertise, as well as the latest research and teaching methodology. We鈥檙e planning to run these modules in the academic year 2026/27. However, there may be changes to these modules in response to feedback, staff availability, student demand or updates to our curriculum.

We鈥檒l make sure to let you know of any material changes to modules at the earliest opportunity.

Courses

This module is offered on the following courses: