Macroeconomic Principles

This information is for the 2022/23 session.

Teacher responsible

Dr Juraj Briskar 32LIF.1.26


This course is compulsory on the BSc in Philosophy, Politics and Economics. This course is available on the BSc in Mathematics and Economics. This course is not available as an outside option nor to General Course students.

This course is only available to students entering the BSc in Philosophy, Politics and Economics or the BSc in Mathematics and Economics programmes in 2020/21 who are required or have the option to take this course under paper 11 of their regulations.

The course is also available to students on other programmes whose circumstances require it (for example, those returning from interruption).


Students must have completed Economics A (EC100) or Economics B (EC102), or an equivalent introductory course in Economics. Students are also expected to have completed at least an introductory Mathematics course such as Basic Quantitative Methods (MA110).

Course content

This course will cover the fundamental principles of macroeconomics at an intermediate level. Topics include the study of economic growth, consumption, investment, unemployment, business cycles, inflation, monetary and fiscal policy, financial markets and international macroeconomics.


Students will have access to pre-recorded lectures in both MT and LT.

Students will receive 20 hours of classes in the MT, 18 hours of classes in the LT and 2 hours of classes in the ST.  The 2 hour classes will give time for students to discuss the lecture recordings and related reading before tackling the weekly problem set. 

There will be a reading week in Week 6 of LT only (no teaching or support lab sessions that week).

Student support in the run up to the final examination will be organised in the ST. 

This course is delivered through a combination of pre-recorded lectures and 40 hours of classess across the Michaelmas Term, Lent Term and Summer Term. 

Formative coursework

Students should attempt the assigned problems before attending classes.  Students will be expected to submit work each week; a minimum of two pieces of work will be marked per term, and feedback provided.

Students are expected to make positive contributions to class discussions.

Indicative reading

There is no single textbook for the course.  Students will be directed to different readings from several textbooks.


Exam (25%, duration: 1 hour, reading time: 15 minutes) in the January exam period.
Exam (75%, duration: 3 hours, reading time: 15 minutes) in the summer exam period.

The Lent term examination is based 100% on the Michaelmas term syllabus, and the Summer exam on 33% of the Michaelmas term syllabus and 67% of the Lent term syllabus.

Key facts

Department: Economics

Total students 2021/22: 615

Average class size 2021/22: 17

Capped 2021/22: No

Lecture capture used 2021/22: Yes (MT & LT)

Value: One Unit

Guidelines for interpreting course guide information

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Personal development skills

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