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School of Social Sciences

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BAEcon Economics
Learn how the social sciences can help you to understand today's world.

BAEcon Economics / Course details

Year of entry: 2018

Course unit details:
Macroeconomic Analysis 1

Unit code ECON10181
Credit rating 10
Unit level Level 1
Teaching period(s) Semester 1
Offered by School of Social Sciences
Available as a free choice unit? No


See course Blackboard pages.


A-Level Mathematics (compulsory Pre-Requisite).

This course unit is for BA Econ, BSc Econ and PPE students only.

NOT available to students who have previously taken ECON10041/42 or ECON10081/82.


The unit aims to:

  1. Provide an introduction to macroeconomics.
  2. Cover the preparatory material for more specialist courses in economics in the second and third years.
  3. Provide key employability skills, such as the ability to describe recent key macroeconomic events and global issues to a non-economist.

Learning outcomes

On completion of this unit successful students will be able to:

  1. Have a firm grounding in introductory macroeconomic principles.
  2. Be able to manipulate and perform basic analysis of economic data relating to issues of contemporary importance.


Weekly Schedule:

Lecture 1

  • Introduction: GDP, Unemployment, Inflation
  • (Chapter 2 in textbook)


Lecture 2

  • The Goods Markets
  • (Chapter 3 in textbook)


Lecture 3

  • Financial Markets
  • (Chapter 4 in textbook)


Lecture 4

  • The IS-LM Model
  • (Chapter 5 in textbook)


Lecture 5

  • The Labour Market
  • (Chapter 8 in textbook)


Lecture 6

  • The AS-AD Model
  • (Chapter 9 in textbook)


Lecture 7

  • The Phillips Curve
  • (Chapter 10 in textbook)


Lecture 8

  • Inflation, Money Growth and Real Rate of Interest
  • (Chapter 11 in textbook)

Teaching and learning methods

Lectures and tutorial/exercise classes, independent study, group learning and online learning.

Employability skills

Analytical skills
Skills of analysis, and the application of analytical models. The evaluation and critical analysis of arguments, theories and policies. Ability to synthesise and evaluate data.
Problem solving
Ability to independently locate and assess relevant literature, and to draw on these to develop understanding and to construct arguments. Time management and ability to work to deadlines.

Assessment methods

Method Weight
Other 20%
Written exam 70%
Written assignment (inc essay) 10%

Assignments - short written answers and essays (10%).

Mid-Term Exam - 40 minutes, multiple choice questions (20%).

For information about feedback please follow this link:

Feedback methods

  • Tutorial discussion.
  • Q&As.
  • Office hours.
  • Revision sessions.
  • Ddiscussion boards.

Recommended reading

Olivier Blanchard, Alessia Amighini and Francesco Giavazzi, Macroeconomics: A European Perspective,  2 edition, Harlow: Pearson Education Limited, 2013.

Note that this textbook can be viewed online for free through the University library.

Study hours

Scheduled activity hours
Assessment written exam 1.5
Lectures 16
Tutorials 7
Independent study hours
Independent study 75.5

Teaching staff

Staff member Role
Xiaobing Wang Unit coordinator

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