View Specification DocumentMacroeconomic Analysis: Inflation, Unemployment And Growth ECON4019
- Academic Session: 2026-27
- School: Adam Smith Business School
- Credits: 15
- Level: Level 4 (SCQF level 10)
- Typically Offered: Semester 2
- Available to Visiting Students: Yes
- Collaborative Online International Learning: No
- Curriculum For Life: No
Short Description
This course aims to give students a thorough grounding in undergraduate macroeconomic theory and includes theories of how consumption, unemployment, and inflation behave over the business cycle, and the conduct of monetary policy. In addition, the course contains coverage of long run growth and theories of economic convergence, viewed through the lens of exogenous and endogenous growth models.
Timetable
Lectures: 10 x 2-hour lectures
Tutorials: 9 x 1-hour tutorials
Requirements of Entry
University of Glasgow students must have achieved Subject Honours entry requirements as detailed below to enrol on this course. Permission is required for non-Economics students to take this course as an outside option.
A GPA of 12 (average C3) in Economics 2A and 2B with no course grade below D3, attained at the first attempt. A minimum grade of D3 in both ECON1012, Introductory Mathematics for Economists and ECON1013, Introductory Statistics for Economists unless exemptions were agreed on the basis of other courses taken in year 1. Refer to course specifications for details. These grades may be achieved at the second attempt.
Excluded Courses
None.
Co-requisites
None.
Assessment
1. In-course exam: online; Individual; 45 minutes; 30%; ILOs 1-5.
2. Degree exam: in-person; Individual; 120 minutes; 70%; ILOs 1-5.
Main Assessment In: April/May
Course Aims
The main aims of this course are:
■ To provide students with a thorough grounding in advanced undergraduate macroeconomic theory.
■ To expose students to modern debates in economic theory in topical fields such as inflation, unemployment and growth theory.
■ To provide students with the background in economic theory to enable them to take advanced courses in the theory of economic policy and contemporary economic policy.
■ To develop skills in manipulating basic economic models for policy applications.
Intended Learning Outcomes of Course
By the end of this course students should be able to:
1. Apply the economic theory models taught in course to address contemporary questions in economic policy.
2. Effectively use analytical skills to manipulate formal macroeconomic models.
3. Effectively communicate using non-technical language the key implications of theoretical models and their relevance for modern debates in economic policy.
4. Critically evaluate how well the models taught in course can explain the "stylised facts" relating to economic growth and business cycles.
5. Identify and explain the central mechanisms driving the models' economic implications and/or predictions.