MS40043E Exploring Macroeconomics

MS40043E Exploring Macroeconomics

This module provides an introduction to macroeconomics. It examines the broad landscape of global economy; interest rates and stock prices; the balance of payments problem; the changing structure of  the money and capital markets; the issue of inflation and deflation; labour markets and unemployment;  governmental regulation and deregulation.

The approach of the module is economics-driven, but not overly technical. It will focus on the fundamental forces that move the global economy in real-world settings, not just in theoretical models or blue-sky policy discussions.

Full attendance on this module for both lectures and seminars is expected. This Study Guide provides important information about the structure, content, reading and assessment  in this module. Please read it carefully and refer back to it throughout the semester. We hope that you will learn from and enjoy this module.

MS40043E Exploring Macroeconomics

The main aims are:

– To provide an overview of a broad range of macroeconomic issues and problems confronting the businesses.

– To critically appraise forces and factors that influence business decision makers

– To speculate on the long-term future of the global economy and examine how businesses, governments and individuals plan for the future, experience and exert impact on that future

– To enhance your mathematical skills

Learning outcomes to be assessed

By the end of the module, you will be able to:

  1. Explain the basic macroeconomic concepts: national income, growth, inflation, unemployment
  2. Explain the rationale behind high economic growth, low unemployment and low inflation
  3. Describe the forces which drive business cycles
  4. Apply basic mathematical techniques in economic contexts

Assessment task: Poster session (50%) using the knowledge and macroeconomic concepts learnt in this course, students will produce a group poster on one of the Four Asian Tigers or highly developed Western economy and present it in class. Students should discuss what macroeconomic policies, tools and world institutions (e.g. IMF) helped these countries achieve high growth. Students may find that a diagrammatic approach is useful for their presentation and thus are encouraged to selectively include charts and diagrams in their posters.

Submission details:

For your Turnitin submission to be accepted your written work must conform to following criteria:

  • Your report should be 2,500 words in length (+/- 10%, excluding bibliography, tables, figures, etc.). State the exact number of words you have written.
  • Properly referenced using Harvard Referencing System.
  • Consist of an appropriate number of references
  • Use a variety of academic sources – books, journals, and websites as well as some practitioner ones.
  • Proof-read the essay for spelling and grammatical errors. This assessment element is to be submitted to Turnitin. You will find a link to the Turnitin Assignment from the Assessments area of the Blackboard course menu.
  • MS40043E Exploring Macroeconomics

When submitting, please enter your student ID number in the “submission title” box. The document itself should contain your student ID number in a header or footer; your name should not be visible on the work.

Turnitin generates an Originality Report, and you are encouraged to make use of this facility as a support tool to help you ensure the source material in your assignment is correctly referenced before final submission.

You can submit revised drafts of your work up until the assignment due date. Only the final version is marked by your tutor.

At the due date and time, no further submissions or changes are possible. Whatever is in the Turnitin inbox at this time is regarded as your final submission. A separate submission box is provided for students with an agreed extension or submitting under the five-day rule.