Form C4
Heriot-Watt University - Course Descriptor
1. Course
Code
C29AF
2. Course
Title
Advanced Economics 1
3. SCQF
Level
5. School
Management and Languages
7. Delivery:
Location &
Semester
Edin
SBC
Orkney
Dubai
IDL
Collaborative Partner
Approved Learning Partner
Sem 1
Sem…….
Sem………..
Sem……..
Sem….
Name…………………….....Sem..…...
Name …………………………………Sem………..
6. Course
Co-ordinator
9
4. Credits
15
Prof D. Cobham
8. Pre-requisites
C28IF – Intermediate Economics 2
9. Linked Courses
(specify if synoptic)
10. Excluded Courses
11. Replacement Courses
None
None
Code:
Date Of Replacement:
13. The course may be
delivered to:
UG only
PG only
C29AE
1st Sept, 2013
12. Degrees for which
this is a core course
UG & PG
All programmes within the undergraduate discipline of
economics
14. Available as an Elective?
Yes
No
15. Aims
To introduce students to important techniques of macroeconomic analysis in sufficient depth that they are able to approach a wide range of problems that have been
subjected to detailed analysis in the primary literature, with the technical skills to understand these thoroughly.
16. Syllabus
Policy (in)effectiveness in rational expectations aggregate demand/aggregate supply models;
Time inconsistency in monetary policy;
Exchange rate determination
Economic growth
1/2
Form C4
Heriot-Watt University - Course Descriptor
17. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)
Subject Mastery
Understanding, Knowledge and Cognitive
Skills
Scholarship, Enquiry and Research (Research-Informed Learning)
Understanding of advanced macroeconomic models regarding policy (in)effectiveness and time inconsistency, which are the basis for the formulation
and assessment of stabilisation policies, and of the key contributions of New Keynesian macroeconomics.
Ability to solve a range of complex problems that emerge from recent research in macroeconomic theory.
Personal Abilities
Industrial, Commercial & Professional Practice
Autonomy, Accountability & Working with Others
Communication, Numeracy & ICT
Application of standard mathematical methods used in macroeconomic analysis.
Solution techniques for problems of theoretical macroeconomic modelling
Ability to solve analytical problems, with enhanced ability to present solutions to peers
Understanding of the impact of theoretical insights for the development of policy and applied economic practice
18. Assessment Methods
Method
19. Re-assessment Methods
Duration of Exam
Weighting (%)
Synoptic courses?
Method
(if applicable)
Assignments
Examination
2 hrs
Duration of Exam
Diet(s)
(if applicable)
40%
60%
Examination
2 hrs
No
20. Date and Version
Date of Proposal
March, 2013
Date of Approval by
School Committee
Date of
Implementation
September, 2013
Version
Number
2/2
1