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Economic Principles (Macro) A21/22
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Economic Principles (Macro)
Economic Principles (Macro) Handbook
AS1 Quiz - 15th August 2022 Resubmission
Alternative AS1 Quiz - AS2 - 15th August 2022 Resubmission
AS2 Project - 15th August 2022 Resubmission
Panopto Assignment Folder link for Project AS2
Demonstration: HOW TO SUBMIT Group Project AS2
Template for Assignment Submission Form for AS2. Fill in, then save as PDF
AS3 Essay - 15th August 2022 Resubmission
AS3 Essay Topics
Online Lecture MONDAY 10:00-11:00 am
Join Elisa's workroom HERE, Monday 11:00-12:00 (INSTEAD OF OFFICE HOURS)
If you want to attend Collaborative Learning Sessions for Economics Principles (MACRO), please sign up here
Assessment 2 (AS2) Briefing Session [Recording]
Guidelines for Assessment 2 (Group project)
Group and Topic Assignment for Assessment 2 (Group project)
AS3 Essay Topics
Essay guidelines
AS1 Quiz
Alternative AS1 Quiz
AS2
AS3 (Essay)
Announcements
Plagiarism, citations, bibliography and presentation
Word count and penalties
How to submit your coursework online
Undergraduate marking criteria
Department of Economics Information Point
Study Skills
Top 3 Resources for Aspiring Economists
Week 1 - Term 2 Basic Concepts of Macroeconomics
Please post your questions here!
Lecture 1A (slides for live session) 2022
Recording of Live Lecture 1A (Monday 10/1/22)
Prerecorded session for Lecture 1(B) - released after Lecture 1A
Lecture 1B (slides for prerecorded session) (2022)
Britons understand little about economics - Report finds
What is GDP?
GDP and special events in history
GDP and welfare
The limitations of GDP and its alternatives
The fight over measuring inflation, FT article (12/1/22)
UK Economic Outlook: The future isn't what it used to be (Institute for Fiscal Studies, October 2021)
Comparison between economic performance of the USA and the Economic Area in light of C19: implications for policy (OECD Chief Economist)
Report by the Resolution Foundation (2021): The UK's decisive decade
A weakened UK economy emerges from the Covid mist, Financial Times, 11 November 2021
Tutorial 1 2021-2022
Tutorial 1 2021-2022 Solutions
Recording tutorial 1 - Passcode: Macro-22
Week 2 - Term 2 Determination of National Output: Classics versus Keynes
Please post your questions here
Pre-recorded session for Lecture 2 (TO BE WATCHED PRIOR TO THE LIVE SESSION OF MONDAY 17 JANUARY)
Lecture 2A 2021_2022
Lecture 2B Live online (17 January 2022) RECORDING
Lecture 2B 2021_2022
Keynes, J.M. (2008/ 1936) General Theory of Employment, Interest and Money - Ch. 3
FT article: High savings rates and the unequal recovery
FT article: UK faces deeper double-dip recession due to Covid mutation
FT article 21 January 2021: UK consumer spending falls sharply as lockdown bites
Tutorial 2 2021_2022
Tutorial 2 (Solutions) 2021_2022
Week 3 - Term 2 Money in the Economic Process
Please post your questions here
Pre-recorded Lecture 3A (please watch before Monday 24 January 2022)
Lecture 3A (pre-recorded session) 2021_2022
Lecture 3B (live session) 2021_2022
Lecture 3B Live Online 24/01/22 (RECORDING)
Tutorial 3 2021_2022
Tutorial 3 Solutions 2021_2022
Keynes, J. M. (1937) The General Theory of Employment, QJE
FT article: Global liquidity trap requires big fiscal response
What Is A Liquidity Trap?
FT article referring to the Quantity Theory of Money
Week 4 - Term 2 The money supply and monetary policy
Please post your questions here
Lecture 4A 2021_2022 (LIVE)
Recording of Live online Lecture 4A (31 January 2022)
Lecture 4B 2021_2022 (pre-recorded) - recording to be released after live session
Pre-recorded Lecture 4B
Lecture 4C (Monetary policy: pre-recorded)
McLeay et al. 2014 (money creation)
McLeay et al. 2014 (money-in-the-modern-economy-an-introduction)
Sheard, P. (2013), "Repeat after me: Banks cannot and do not 'lend out' reserves", Standard & Poor
Transmission mechanism of monetary policy
What is QE?
Barrowclough, D. (2020), Chapter 4 CORONAVIRUS AND THE EVOLVING ROLES OF CENTRAL BANKS: AVOIDING A “CLIMATE MINSKY MOMENT”
Great web resource on money. Check out section on How Money Works
FT article on QE
FT: BoE set to hold back on further economic stimulus
Tutorial 4 2021_2022
Tutorial 4 2021_2022 Solutions
Week 5 - Term 2 The IS-LM Model
Please post your questions here
Lecture 5A (LIVE) 2021 2022
Recording of Live online Lecture 5A (Monday 7 February 2022)
Lecture 5B 2021 2022 (pre-recorded)
Lecture 5B (pre-recorded session on demand management policies in the ISLM framework)
Hillier (1991): The Macroeconomic Debate Chapters 1 and 2 - YOU CAN SCROLL TO CHAPTER 2 DIRECTLY IF YOU DON'T WISH TO READ CHAPTER 1
IS-LMentary
FT article: UK public sector borrowing hits record high (22 December 2020)
FT article: IMF Chief Economist "Global liquidity trap requires a big fiscal response" (2 November 2020)
FT article: Why financial policymakers are still fighting the last war (23 November 2020)
Why economists kept getting the policies wrong (FT article, 18 Feb 2021)
And there are alternatives! Reshaping the European fiscal framework
Tutorial 5 2021_2022
Tutorial 5 Solutions 2021_2022
Week 7 - Term 2 Business Cycles, Unemployment and Inflation
Please post your questions here
Lecture Week 7 Business cycles; Unemployment and Inflation [pre-recorded]
Lecture Slides WEEK 7. Business cycles, Unemployment and Inflation.pptx
Tutorial 22/02 Zoom Link - Passcode: Macro-2022
Tutorial Questions for Week 7 Topic. Business cycles, Unemployment and Inflation.docx
Week 8 - Term 2 Exchange Rates and the Balance of Payments
Please post your questions here
Lecture Week 8. Exchange Rates and Balance of Payments [Pre-recorded]
Lecture Slides Week 8 Exchange Rates and BoP
01/03 Zoom Link tutorial - passcode: Macro-2022
02/03 Zoom link Tutorial- passcode: Macro-2022
Tutorial Questions for Week 8 Lecture. Exchange rates and Balance of Payments.docx
Week 9 - Term 2 Fiscal and Monetary Policies
Please post your questions here
Lecture Week 9. Part 1. Monetary and Fiscal Policy in the AD-AS framework[Pre-recorded]
Lecture Week 9. Part 2. Monetary and Fiscal Policy [Recorded]
Lecture Slides Week 9. Fiscal and Monetary Policy
Tutorial Questions for Week 9 Lecture. Fiscal and Monetary Policy
Week 10 - Term 2 Economic Growth and Sustainability
Please post your questions here
Lecture Week 10. Growth and Sustainability. Part 1. Growth theory [Pre-recorded]
Lecture Week 10. Growth and Sustainability. Part 2. Growth, Wellbeing and Sustainability [Recorded]
Lecture Slides Week 10. Growth and sustainability. Part 1. Growth theory
Lecture Slides Week 10. Growth and Sustainability. Part 2. Growth, Wellbeing and Sustainability.pptx
Tutorial Questions for Week 10 Lecture. Growth and Sustainability
Macro tutorial 22/03 - Passcode: Macro-2022
Macro tutorial 23/03 - Passcode: Macro-2022
Macro Tutorial 24/03 - Passcode: Macro-2022
Week 11 - Term 2 Economic Crises and Policy Response
General Reading: Dullien et al. (2018) Macroeconomics in Context: A European Perspective. New York; Abingdon: Routledge (Chapter 15)
Please post your questions here
Lecture Week 11. Part 1. Economic Crises [Pre-recorded]
Lecture Week 11. Part 2. Economic Crises and Policy Response
Lecture Slides WEEK 11. Economic Crises and Monetary and Fiscal policy Response
Richard Koo - A "Balance Sheet Recession" [Video]
The uneven impact of welfare reform
Rising inequality in the UK and the political economy of Brexit
Whose recovery? Speech by Chief Economist of the BOE
UK workers experienced sharpest wage fall of any leading economy
Exam guidelines and studying advice
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Course information
155901494-A21/22 Economic Principles (Macro) A21/22
Page type
:
Module
Study year
:
2021/22
Skill Level
:
Beginner
