Macro Economic Policy
Module Code: ECP77182
- ECTS Credit: 5
- Mandatory/Optional: Core module (compulsory)
- Period: Hilary Term
- Module Coordinator: Professor Ronan Lyons
- Teaching Staff: Professor Ronan Lyons
This module combines rigorous empirical and theoretical training in economic and macroeconomic policy with a substantive focus on ‘real-world’ policy making issues faced by national (e.g. public servants in Government Departments, Fiscal Councils, Central Banks) and international policy institutions (e.g. IMF, OECD, European Commission). The course provides the necessary analytical and theoretical skills to tackle the daily work of an applied macroeconomist.
Students will study topics such as how to process macroeconomic data for policy making, how to develop, use and interpret modern theoretical and empirical macroeconomic models for analyzing fiscal and monetary policy issues. This module will offer the opportunity of obtaining a thorough understanding of how real economic policy is conducted along with developing the analytical skills to conduct policy-oriented cutting edge research.
On successful completion of the module, student should be able to
MLO2.1 Describe the basic structure of the economy
MLO2.2 Explain fiscal and monetary policy
MLO2.3 Explain and interpret macroeconomic data
MLO2.4 Describe employment and unemployment
MLO2.5 Apply economic thinking to policy topics
- Applications [40%]: Estimation and numerical assignments
- Final Examination [60%]: This will test critical understanding and appropriate application of topics covered in the module.