In this course, students will be introduced to models and concepts that are at the forefront of modern macroeconomics. The primary focus is on issues confronting modern central banking, including monetary policy, and the role of financial markets and institutions. The course will contain some formal coursework, and student seminars will provide scope for developing important research skills in economics.
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By the end of this course, students will be able to: Develop and demonstrate advanced research skills in economics (Capability 1, 4.1 and 4.2) Understand the terrain of modern macroeconomics in the aftermath of the global financial crisis and the 2020 pandemic (Capability 1, 2 and 4.2) Critically analyse developments in the modern macroeconomics literature (Capability 1, 2, 4.1 and 4.3) Understand the role that money and finance plays in the macroeconomy (Capability 1, 4.1, 4.2 and 4.3) Demonstrate an understanding of of how macroeconomic policy can be designed in the wake of crises. (Capability 1, 2, 3, 4.1 and 4.2)