EC1B1      Half Unit
Macroeconomics I

This information is for the 2025/26 session.

Course Convenor

Availability

Requisites

Pre-requisites:

Students must have completed ST109 and EC1P1 before taking this course.

Co-requisites:

Students must complete MA108 or MA100 either before taking this course or in the same year as this course.

This course builds on the knowledge learned in EC1P1. You will learn why economic activity fluctuates over time (business cycles). We will discuss how government policy can affect short-term outcomes, such as unemployment, GDP and inflation. Other topics will include inequality and financial crises. We will apply the tools developed in the course to recent events, as well as historical events such as the Great Depression. An important aspect of the course is a coding exercise with data. This will help you acquire a deeper understanding of the material.

EC1B1, in combination with EC1A1, contributes towards certificate level exemptions from professional Chartered Institute of Management Accountants (CIMA) examinations.

This course, combined with EC1A1, contributes to the CB2 Exemption of the Institute and Faculty of Actuaries (IFoA).

1 hours of classes in the Spring Term.
9 hours of classes and 20 hours of lectures in the Winter Term.

This course has a reading week in Week 6 of Winter Term.

There will be a reading week in Week 6 of WT only (no lectures or classes that week).

This course is delivered through a combination of classes and lectures totalling a minimum of 30 hours across Winter Term and Spring Term.  

There will be weekly assignments and feedback will be given on two.

The coursework will be a set of coding exercises, with data, in Python. This is a group project and the course will teach you the necessary programming skills.

There is no set textbook for the course. Lecture material may occasionally be complemented by supplementary readings.

Students wishing to complement their study should consult the following textbook:

• C. Jones, Macroeconomics, W.W. Norton & Company, 5th Edition.

Exam (85%), duration: 120 Minutes, reading time: 15 minutes in the Spring exam period

Project (15%)