Nottingham University Business School
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Contemporary Economic Policy

Please note that the following information may be subject to change.

Programme: Undergraduate

Module Code: N12107

Semester: Spring

Convenor: Alison Sinclair

Credits & Level: 10 credits; Level 2

Pre-requisites: None.

Co-requisites: None.

Target Students: Available to Part I students. CANNOT be taken if already taken/taking N11114 Macroeconomics for Business. CANNOT be taken by students from the School of Economics.

Delivery: 10 two-hour lectures and three 1-hour tutorials

Assessment: One 1.5 hour examination (100%)

Exam Format:Section A: 25 multiple choice questions. Section B: 1 essay from a choice of 3. Section A is worth 40%, Section B is worth 60%.

Summary of Content This module introduces participants to the nature and scope of the macroeconomic policy agenda, and develops the analytical frameworks necessary for the evaluation of policy instruments. The module enables participants to understand the economic arguments that under-lie different views and to evaluate relevant arguments.

Aims The module aims to provide participants with a good understanding of the nature and scope of economic policy and the economic theories upon which it is based. The emphasis is upon macroeconomic policy

Key Words: Macroeconomics; Aggregate Demand; Money and Interest Rates; Aggregate Supply; Unemployment and Inflation; Balance of Payments and Exchange Rates

Learning Objectives & Outcomes Knowledge and understanding
This module develops a knowledge and understanding of:
  • Economic policy at the macroeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
  • A coherent core of economic principles, including the macroeconomics of employment, national income, the balance of payments, inflation, growth and money.
Intellectual skills
This module develops:
  • Conceptual and critical thinking, analysis, synthesis and evaluation
Professional practical skills
This module develops:
  • The ability to understand the operation of the macroeconomy.
Transferable (key) skills
This module develops:
  • Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time
  • Articulating and effectively explaining information

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