Topics in Macroeconomic Theory 2 ECON5098

  • Academic Session: 2023-24
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 2
  • Available to Visiting Students: No

Short Description

The course presents issues at the research frontier of macroeconomic theory. Topics will vary from year to year to reflect the evolution of contemporary research, and will address for instance: Optimal monetary policy, monetary and fiscal policy interactions, macroeconomic modelling, financial frictions and macroeconomic policy, open economy macroeconomics and trade, dynamic fiscal policy, etc. The content of this course will be complementary with Topics in Macroeconomic Theory 1.


20 hours of lectures (2 hours per week, during 10 weeks)

Requirements of Entry

Completion of the 1st year MRes in Econometrics, or equivalent qualification as decided by the course instructor

Excluded Courses





ILOs are assessed through two In-course exams (weighted at 50% each).

Intended Learning Outcomes



Word Length/ Duration


In-course exam 1


2 Hours

Course Aims

The course introduces students to the current issues in macroeconomic theory, as a stepping stone toward the development of their own research agenda. Emphasis will be placed on full technical treatment of the material and critical reading of current literature.

Intended Learning Outcomes of Course

By the end of the course students should be able to

1. Demonstrate critical knowledge and understanding of the principal problems within each covered subfield

2. Identify, conceptualize, and define the current most active lines of research at the forefront of development

3. Critically review, consolidate, and extend acquired knowledge, and skills to analyse economic implications in a wide range of the main existing models

4. Apply a range of standard and specialized research instruments and techniques to conduct a formal (rigorous) analysis of research questions, similar to the studied research literature, and at a similar technical level.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components of the course's summative assessment.