ES32038: Short and long-run macroeconomics
[Page last updated: 01 August 2025]
| Academic Year: | 2025/26 |
| Owning Department/School: | Department of Economics |
| Credits: | 20 [equivalent to 40 CATS credits] |
| Notional Study Hours: | 400 |
| Level: | Honours (FHEQ level 6) |
| Period: |
- Academic Year
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| Assessment Summary: | CWES 50%, EXCB 50% |
| Assessment Detail: |
- Project (CWES 50%)
- Written Examination (EXCB 50%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
Before taking this module you must ( take ES22013 AND take ES22014 ) OR take ES20014
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| Learning Outcomes: |
An understanding of the scope of modern macroeconomics and its applications.
- Students will acquire an ability to read and understand current macroeconomic literature.
- Students will learn how to derive and assess policy relevant implications at an advanced level with an emphasis on most recent developments in the context of dynamic general equilibrium models.
- Students will acquire the competence and the awareness of areas of controversy and debate and therefore achieve a critical understanding of recent advancements in the area of dynamic macroeconomics.
- On successful completion of the unit students will have developed a systematic knowledge and critical awareness of advanced theory and its current limitations.
- A comprehensive understanding of relevant analytical techniques in terms of dynamic general equilibrium models.
- Students will be able to critically reflect relevant models in terms of their empirical relevance.
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| Content: | This unit builds on and further advances concepts introduced in core economics. Conceptually, this unit discussed applications of overlapping generations models, dynamic stochastic general equilibrium models and features of Schumpeterian growth models.
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| Synopsis: | "Explore and analyse short and long-run macroeconomic trends, such as:
- business cycle fluctuations
- bubbles
- aspects of the long-run growth trend
You will learn how to critically examine policy implications that affect economies, and how they fluctuate.
Building on your core macro and microeconomics knowledge, You will explore how empirical observations inform micro-founded dynamic general equilibrium models and examine how advances in macroeconomic theory are able to inform policy makers."
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| Course availability: |
ES32038 is Optional on the following courses:
Department of Economics
- UHES-AFB10 : BSc(Hons) Economics (Year 3)
- UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 4)
- UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 4)
- UHES-AFB12 : BSc(Hons) Economics and Mathematics (Year 3)
- UHES-AAB04 : BSc(Hons) Economics and Mathematics with Study year abroad (Year 4)
- UHES-AKB04 : BSc(Hons) Economics and Mathematics with Year long work placement (Year 4)
- UHES-ACB04 : BSc(Hons) Economics and Mathematics with Combined Placement and Study Abroad (Year 4)
- UHES-AAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 4)
- UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 4)
- UHES-ACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 4)
- UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 4)
- UHES-AFB11 : BSc(Hons) Economics with Politics (Year 3)
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Notes: - This unit catalogue is applicable for the 2025/26 academic year only. Students continuing their studies into 2026/27 and beyond should not assume that this unit will be available in future years in the format displayed here for 2025/26.
- 好色tv and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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