Courses / Module

• Explain key concepts relating to macroeconomic phenomena such as business cycle fluctuations, monetary and fiscal policies, inflation and unemployment, and long-term economic growth
• Demonstrate an understanding of the distinction between real, nominal, endogenous and exogenous macroeconomic variables and their importance to macroeconomic analysis
• Differentiate and explain the importance of the short and the long run time frames in macroeconomic analysis
• Identify the conditions required for macroeconomic equilibrium in the short and the long run and explain how they differ depending on the economic model utilized when exchange rates are fixed and when exchange rates are flexible
• Demonstrate how macroeconomic equilibrium is restored following a shock and explain the underlying process in both fixed and flexible exchange rate regimes
• Evaluate the effects of monetary and fiscal policies on output, the interest rate and the price level/inflation rate in both fixed and flexible exchange rate regimes
• Explain the principal determinants of long run economic growth and, in particular,the respective roles of capital accumulation and technological progress

• Lectures for which slides will not be provided. Problem sets and self grading of problem sets to assess areas of strength and weakness. Careful and critical reading of the text. These assigned readings complement the lectures rather than substituting for them. Reading high quality financial newspaper, such as the Financial Times or The Economist, to put the content of the module in a real world context.

• Module Graded (numeric value) or Ungraded (Pass/Not Passed): Graded
• Continuous Assessment detail(s): Continuous Assessment detail(s): Three (3) compulsory problems sets. The module syllabus provides specific details.

• Pass standard: 40%
• Could the result of this module be capped? No
• Penalties: No late assignments will be accepted.

• Are supplemental/resit registrations permitted? Yes
• University scheduled written examination (Autumn): 120 minutes
• Is Supplemental Continuous Assessment registration permitted? No
• Is Supplemental Continuous Assessment capped? No

• Principles of Macroeconomics (EC103)

A macroeconomics textbook with a European perspective will be used.  Students are expected to read the assigned chapters in the text which will complement the lectures.

For a full timetable search, go to NUIM Timetable. Venue locations can be found here.