Intermediate Macroeconomics

Module Code ECNU212
Semester Spring
Prerequisite ECNU112
Level 9
Credit Value 20
Module Co-ordinator Dr Michelle Gilmartin

Grades will be awarded for each of two coursework components, the two class tests. A coursework average grade will be computed using the following weights:

1st class test                  50%

2nd class test                 50%

  •  If you gain an overall coursework average of at least 65%, you will be exempt from the examination. Your final grade will be your overall coursework grade.
  • If you do not meet the above condition, you should take the examination. Your module grade will be computed by weighting the components of assessment as follows: coursework 40%, examination 60%. You must get a weighted grade of at least 40% for an overall module pass.


This module builds on the introductory module in macroeconomics. It presents a more formal treatment of the foundations of macroeconomic theory and policy, with the aim of providing a deeper understanding of how the macro-economy operates.


On completion of this module, students should have knowledge and understanding of:

  • How to interpret key macroeconomic data
  • How income is generated and distributed across society
  • How the monetary and banking system works
  • Key macroeconomic tools for fiscal and monetary policy-making
  • The trade-off that policy makers face between managing inflation and unemployment
  • How modern macroeconomics has been influenced by new findings from behavioural economics
  • How financial bubbles occur
  • And how governments can use stabilisation policies to mitigate economic fluctuations


The core text book for this module is:

Mankiw, G. and M. Taylor, 2014, Macroeconomics: European Edition (2nd Edition), Worth Publishers.

Additional readings:

Blanchard, O., Amighini, A., & Giavazzi, F. 2010, Macroeconomics: A European Perspective, Prentice Hall, UK.

Chamberlin, G., & Yueh, L., 2006, Macroeconomics, Thomson Learning.

Gordon, R J, 2009, Macroeconomics, 11th edn, Pearson International.

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