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EC202: Intermediate Macroeconomics


Course Content

In recent times, macroeconomic questions have once again surged to the forefront of public attention and debate.

This course aims to bring students up-to-date with modern developments in macroeconomic theory and offer fresh perspectives on the macroeconomic challenges of the day.

It is essentially structured around a series of key questions:

  • What are the forces that drive long-term prosperity?
  • Why does economic activity fluctuate?
  • Can and should policymakers seek to ameliorate business cycles?
  • What are the features of financial markets and labour markets that make them special, and how do they interact with the rest of the economy?
  • What is the role of banks and why are they inherently fragile?
  • How should households and firms plan for an uncertain future?
  • What are the implications of increasing globalisation of trade and finance for the economy?
  • How should central banks conduct monetary policy?

The approach of this course is to discuss the salient features of the data and then go on to present macroeconomic models to study these issues.

Topics covered include:

  • Macroeconomic measurement and data
  • Labour markets and unemployment
  • Economic growth
  • Consumption and saving
  • Investment
  • Money and banking
  • Business cycles
  • Monetary and fiscal policy
  • International macroeconomics

World-class LSE teaching              

The LSE Department of Economics is one of the biggest and best in the world, with expertise across the full spectrum of mainstream economics. A long-standing commitment to remaining at the cutting edge of developments in the field has ensured the lasting impact of its work on the discipline as a whole.

It is a leading research department, consistently ranked in the top 20 economics departments worldwide. This is reflected in the 2014 Research Assessment exercise which recognised the Department's outstanding contribution to the field

On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s economics faculty.



The main textbook for the course is:  Williamson, Macroeconomics, 5th ed., Pearson (2013).
A useful background reading is: Mankiw and Taylor, Macroeconomics, W H Freeman & Co, 2nd revised edition, (2014).

*A more detailed reading list will be supplied prior to the start of the programme

**Course content, faculty and dates may be subject to change without prior notice



Session: Two

Dates:  11 - 29 July 2016

Lecturer: Dr Kevin Sheedy
Dr Rachel Ngai

Level: 200 level

Fees: Click here for information

Prerequisites: Introductory macroeconomics and microeconomics, multivariate calculus (in particular, constrained optimisation)

Lectures: 36 hours 

Classes: 18 hours

Assessment*: Two written examinations

Typical credit**: 3 credits (US) 7.5 ECTS points (EU) 

How to apply?

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*assessment is optional – see FAQs

**You will need to check with your home institution. Read more about credit transfer here.