Intermediate Macroeconomics

Intermediate macroeconomic analysis develops the tools, skills and knowledge base necessary to operate as a practicing macroeconomist. These may include: models of long run economic growth; an

• 1Develop the IS-LM model to explain short-run economic fluctuations;
• 2Apply the IS-LM model to examine the effects of monetary policy and fiscal policy;
• 3Describe and discuss labour market dynamics;
• 4Develop the dynamic aggregate supply/aggregate demand (DAS-DAD) model;
• 5Apply the DAS-DAD model to analyse the impact effects and the dynamic effects as an economy responds to shocks;
• 6Explain the key economic growth facts;
• 7Develop the basic Solow growth model and the endogenous growth model; and
• 8Describe a model of exchange rate determination and discuss different exchange rate regimes.