University of Nottingham - ECON2003: Macroeconomic Theory

This exciting module delves into the heart of modern macroeconomic theory, equipping you with the tools to understand and analyse the complex forces shaping our economies. We'll embark on a journey that explores both the fundamental principles and their practical applications.

Key areas of exploration include:

• The Power of Expectations: We'll unveil the modern theory of expectations, a cornerstone of understanding how economic agents form beliefs about the future and how those beliefs influence their decisions. This framework provides a powerful lens for analysing economic dynamics.
• Navigating Short-Run Swings: By harnessing the insights from the expectations theory, we'll closely examine the factors that cause short-run fluctuations in economic activity, such as output and employment.
• The Art of Macroeconomic Policy: We'll explore how policymakers can utilise fiscal and monetary tools to mitigate these short-run fluctuations, promoting a more stable economic environment.
• Building a Modern Framework: We'll embark on a comprehensive review of the modern approach to aggregate demand and supply. This approach integrates the strengths of classical models with valuable insights from Keynesian economics, providing a robust foundation for analyzing the impact of macro policy on fluctuations.
• Mastering Macroeconomic Fluctuations: Throughout the module, we'll hone your ability to analyse the role of macro policy in managing fluctuations in output and employment. By the end, you'll be equipped to critically evaluate policy decisions and their potential consequences.

Corporate Finance (Level 2)

Applied Econometrics