26 hours lectures, 12 hours tutorials. Semester 2.
Expansion of the theoretical macroeconomic model by introducing the overseas sector. Aggregate dynamics and price adjustment, foreign exchange and the FOREX market, domestic money market and inflation and the long run model of economic growth.
Learning Objectives:
to present the basics of intermediate macroeconomic theory, introducing students to economic model building and algebraic and computer modelling.
Assessment by written assignment, seminar presentation (30%); end-of-semester written examination (70%).
