Macroeconomic Principles

This information is for the 2013/14 session.

Teacher responsible

Dr Kevin Sheedy 32L1.09

Dr L Rachel Ngai, 32L1.15


This course is compulsory on the BSc in Economics, BSc in Economics with Economic History, BSc in Geography with Economics, BSc in Government and Economics, BSc in Philosophy and Economics and MSc in Economics (2 Year Programme). This course is available on the BSc in Accounting and Finance, BSc in Business Mathematics and Statistics, BSc in Econometrics and Mathematical Economics, BSc in Economic History with Economics, BSc in Economics and Economic History, BSc in Environmental Policy with Economics, BSc in Management, BSc in Management Sciences, BSc in Mathematics and Economics, BSc in Mathematics with Economics, BSc in Social Policy and Economics, BSc in Statistics with Finance and Diploma in Accounting and Finance. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.


Students must have completed Economics B (EC102).

This is an intermediate course in macroeconomic analysis, for BSc degrees in Economics and is also available to other students as permitted by the regulations. Students are expected to have completed Economics B or an equivalent introductory course in Economics. Students are also expected to have completed an introductory mathematics course such as Basic Quantitative Methods.

Course content

The course will cover: Economic growth, consumption, investment, unemployment, business cycles, inflation, monetary and fiscal policy, financial markets and international macroeconomics.


20 hours of lectures and 8 hours of classes in the MT. 20 hours of lectures and 10 hours of classes in the LT. 3 hours of lectures and 2 hours of classes in the ST.

Formative coursework

Students are urged to attempt the assigned problems before attending classes. Two pieces of written work per term will be required and marked by class teachers.

Indicative reading

The main textbook for the course is S D Williamson, Macroeconomics, 5th ed., supplemented by chapters 7-9 from D N Weil, Economic Growth, 2nd ed. and chapters 14, 15, 17, 20, 22 and 23 from O Blanchard, Macroeconomics, updated 5th ed. A combined package will be available in the Economists' Bookshop.


Exam (100%, duration: 3 hours) in the main exam period.

Candidates are required to answer eight out of ten short questions from Section A and three out of six long questions from Sections B and C (with at least one question from each section).

Key facts

Department: Economics

Total students 2012/13: 532

Average class size 2012/13: 14

Value: One Unit

Guidelines for interpreting course guide information

PDAM skills

  • Self-management
  • Problem solving
  • Application of numeracy skills

Course survey results

(2010/11 - 2012/13 combined)

1 = "best" score, 5 = "worst" score

The scores below are average responses.

Response rate: 76.9%



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