Intermediate Macroeconomics

  • Summer schools
  • Department of Economics
  • Application code SS-EC202
  • Starting 2022
  • Short course: Open
  • Location: Houghton Street, London

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.

Session: Two
Dates: 11 July - 29 July 2022 
Lecturer: Dr Kevin Sheedy


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


Introductory macroeconomics and microeconomics, and differential calculus.

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.


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. Almost every major intellectual development within Economics over the past fifty years has had input from members of the department, which counts ten Nobel Prize winners among its current and former staff and students. Alumni are employed in a wide range of national and international organisations, in government, international institutions, business and finance.

The Department of Economics 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. According to the REF 2014 results, 56 per cent of the Department’s research output was graded 4 star (the highest category), indicating that it is 'world-leading'. A further 33 per cent was designated 'internationally excellent' (3 star).

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

Reading materials

S. Williamson, Macroeconomics, 6th ed., Pearson (2018)

*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

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