Academic year(s): 2018-2019
SCOTCAT credits : 20
ECTS credits : 10
Level : SCQF Level 9
Economic growth is not steady but features a series of expansions and contractions. These economic fluctuations are of primary concern to economic policy makers and have been the source of some of the most intense debates in all of economics. A recurring theme of this course will be the question Where do economic booms and busts come from? and the module's main objective is to provide an advanced understanding of the macroeconomics behind this volatility. Students will be introduced to the main facts characterizing economic fluctuations as well as a range of formal analytical models that will help develop their understanding of key macroeconomic and monetary relationships. Finally, they will examine how well these models account for the observed facts.
Pre-requisite(s): Permission of the economics honours adviser
Weekly contact: 20 hours of lectures over 11 weeks, 1-hour tutorial (x 5 weeks) plus 1 office hour (x 12 weeks).
Scheduled learning hours: 25
Guided independent study hours: 175
As used by St Andrews: 2-hour Written Examination = 50%, Coursework (incl. Class Test 25%) = 50%
As defined by QAA
Written examinations : 75%
Practical examinations : 0%
Re-assessment: 2-hour Written Examination = 100%
Module coordinator: Dr R L Stefanski
Module teaching staff: Dr R Stefanski