ECON2004 - Macroeconomic Theory and Policy

Terms 1 & 2


To provide students with a thorough understanding of core concepts and methods of macroeconomics as a foundation for subsequent study of macroeconomic topics within the degree programme, and as one of the key elements in the professional training of an economist.


At the end of the module, students should:

  • Understand theories of macroeconomics at a level appropriate for an economics graduate
  • Understand macroeconomic models, and be able to solve and interpret problems based on such models at a level of difficulty appropriate for an economics graduate
  • Be able to use macroeconomic concepts and methods to analyse and interpret real-world macroeconomic phenomena, and to assess issues of macroeconomic policy
Taught by:
Liam Graham (Term 1), Wendy Carlin (Term 2)
Assessment: There will be 40 hours of lectures in all (20 in each term). Other teaching will be a mixture of demonstration classes (5 in each term) and compulsory smaller-group tutorial classes (6 in each term) with accompanying exercises. There will be a single 3-hour unseen written examination for the whole course in Term 3.
Suitable for:
Compulsory for 2nd year Economics (L100), Econ/Geog (LL17), Phil/Econ (VL51) and 3rd year Math/Econ G1LC) students.
Prerequisites: ECON1001: Economics.
Module Evaluation (Previous year): ECON2004
Moodle page:
ECON2004 Term 1, ECON2004 Term 2