BEX5660 - Macroeconomic theory - 2017

0 points, SCA Band 3, 0.000 EFTSL

Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.


Business and Economics

Organisational Unit

Department of Economics


Professor Bruce Preston

Unit guides



  • First semester 2017 (Day)


Underpinnings of modern macroeconomics basic to models of growth and cyclical fluctuations as well as models of monetary and fiscal policies. Topics include neoclassical and endogenous growth theories; overlapping generations models with and without money; policy ineffectiveness issues; equilibrium business cycle as well as traditional Keynesian models of fluctuations; and models of incomplete nominal adjustment such as those of New-Keynesian and the Lucas-Supply variety.


The learning goals associated with this unit are to:

  1. understand the basic theoretical structures common to modern dynamic macroeconomics. In particular, critical analysis of the economic reasons underlying the formation of policy and movements of various macro-aggregates
  2. understand the key determinants affecting economic growth and fluctuations
  3. enhance understanding of the basic theoretical approaches employed in specialist fields such as international economics, economic development/growth, applied general equilibrium and financial economics.


Within semester assessment: 40% + Examination: 60%

Workload requirements

Minimum total expected workload equals 144 hours per semester.

See also Unit timetable information

Chief examiner(s)


Students must be enrolled in course code 3194 to undertake this unit.