Programmes

Intermediate Macroeconomics

  • Summer schools
  • Department of Economics
  • Application code SS-EC202
  • Starting 2018

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

The course is essentially structured around a series of key questions:

  • What are the forces that drive long-term prosperity?
  • What are the features of labour markets that make them special, and why does unemployment occur?
  • How should households and firms make plans for the future?
  • What are the consequences of high levels of government debt?
  • What are central banks and how do they control interest rates?
  • What are the functions of financial markets, and why are financial crises so violent?
  • Why does economic activity fluctuate and what does austerity have to do with recessions?
  • Can fiscal and monetary policy fine-tune the economy? 

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

Dates for 2018 to be confirmed


Session: Two
Dates: 10 - 28 July 2017
Lecturers: Dr Kevin Sheedy and Professor Ricardo Reis


 

Programme details

Key facts

Level: 200 level. Read more information on levels in our FAQs

Fees:  Please see Fees and payments

Lectures: 36 hours 

Classes: 18 hours

Assessment*: Two written examinations

Typical credit**: 3-4 credits (US) 7.5 ECTS points (EU)


*Assessment is optional

**You will need to check with your home institution

For more information on exams and credit, read Teaching and assessment

Prerequisites

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

Programme structure

 Topics covered:

  • Macroeconomic measurement and data
  • The labour market
  • Economic growth
  • Consumption and saving
  • Investment
  • Unemployment
  • A dynamic macroeconomic model
  • Money and interest rates
  • Financial markets
  • Business cycles and stabilisation policy
  • The limits of fiscal and monetary policy

Course outcomes

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

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.

Reading materials

For the first part of the course, chapters from S. Williamson, Macroeconomics, 5th ed., Pearson (2013), and D. Weil, Economic Growth, 2nd ed., Prentice Hall (2008).For the second part of the course, O. Blanchard and D.R. Johnson, Macroeconomics, 6th ed., Pearson (2012).

These readings are available in a combined package from the Economists’ Bookshop at LSE.

*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

Applications open in November - Join our mailing list

Applications open in November - Join our mailing list

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