This course builds on the Level 4 Introduction to Economics: Macroeconomics course.
The course is dedicated to two topics: (1) Microfounded theories used in Macroeconomics, and (2) Growth Theory. The first topic provides policy prescriptions alternative to the Keynesian theory (which students should be familiar with from Introduction to Economics or Macroeconomics I).
The second topic presents economic growth through the neoclassical Solow growth model and it further develops the exogenous and endogenous growth models.
This course enhances students’ ability to apply macroeconomic models to real-world policymaking and provides them with empirical evidence which supports different theories of consumption, investment and growth.
The following degrees contain this course: