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Table of Contents

  1. University of London International Programmes Regulations for the provision of individual courses in the fields of Economics, Management, Finance and the Social Sciences
  2. Important information regarding the Programme Summary and Regulations
  3. Summary of provision for individual courses
  4. Detailed Regulations for the provision of individual courses
  5. Annex A - Individual courses
  6. Annex B - Syllabuses for Economics, Management, Finance and the Social Sciences
    1. AC1025 Principles of accounting
    2. AC3059 Financial management
    3. AC3091 Financial reporting
    4. AC3093 Auditing and assurance
    5. AC3097 Management accounting
    6. AC3143 Valuation and securities analysis
    7. DV1171 Introduction to international development
    8. DV2135 World development
    9. DV2169 Economic policy analysis in international development
    10. DV3044 Economics of development
    11. DV3162 Complex emergencies and humanitarian responses
    12. DV3165 Development management
    13. DV3166 Global environmental problems and politics
    14. EC1002 Introduction to economics
    15. EC2020 Elements of econometrics
    16. EC2065 Macroeconomics
    17. EC2066 Microeconomics
    18. EC2096 Economic history in the 20th century
    19. EC3015 Economics of labour
    20. EC3016 International economics
    21. EC3022 Public economics
    22. EC3099 Industrial economics
    23. EC3115 Monetary economics
    24. EC3120 Mathematical economics
    25. FN1024 Principles of banking and finance
    26. FN2029 Financial intermediation
    27. FN3023 Investment management
    28. FN3092 Corporate finance
    29. FN3142 Quantitative finance
    30. GY1009 Human geography
    31. GY1147 Physical geography: fundamentals of the physical environment
    32. GY1148 Methods of geographical analysis (half course)
    33. GY2109 Geographies of development
    34. GY2149 Biogeography
    35. GY2150 Geomorphological processes
    36. GY2151 Environmental change
    37. GY2152 Hydrology
    38. GY2164 Economic geography
    39. GY3068 Society and the environment
    40. GY3153 Space and culture
    41. GY3154 Geomorphological applications
    42. GY3155 Biodiversity
    43. GY3156 Tropical land management
    44. GY3157 Independent geographical study
    45. IR1011 Introduction to international relations
    46. IR1034 World history since 1917
    47. IR2084 Nationalism and international relations
    48. IR2085 International institutions
    49. IR2137 Foreign policy analysis
    50. IR3026 International political economy
    51. IR3083 International political theory
    52. IR3090 International politics of East Asia
    53. IR3140 Security and international relations
    54. IS1060 Introduction to information systems
    55. IS1129 Introduction to programming (half course)
    56. IS1168 Introduction to computer systems architecture and programming
    57. IS2062 Information systems development and management
    58. IS2136 Information systems and organisations
    59. IS2138 Information and communication technologies: principles and perspectives
    60. IS3139 Software engineering: theory and application
    61. IS3159 Research project in information systems
    62. IS3167 Management and Innovation of e-business
    63. MN1107 Introduction to business and management
    64. MN2079 Elements of social and applied psychology
    65. MN3027 The law of business organisations
    66. MN3028 Managerial economics
    67. MN3032 Management science methods
    68. MN3075 Human resource management
    69. MN3077 Management: international and comparative perspectives
    70. MN3119 Strategy
    71. MN3127 Organisation theory: an interdisciplinary approach
    72. MN3141 Principles of marketing
    73. MT105A Mathematics 1 (half course)
    74. MT105B Mathematics 2 (half course)
    75. MT1173 Algebra
    76. MT1174 Calculus
    77. MT2076 Management mathematics
    78. MT2116 Abstract mathematics
    79. MT2117 Advanced calculus (half course)
    80. MT2118 Advanced linear algebra (half course)
    81. MT3040 Game theory (half course)
    82. MT3041 Advanced mathematical analysis (half course)
    83. MT3042 Optimisation theory (half course)
    84. MT3043 Mathematics of finance and valuation (half course)
    85. MT3095 Further mathematics for economists
    86. MT3170 Discrete mathematics and algebra
    87. PS1114 Democratic politics and the State
    88. PS1130 Introduction to modern political thought
    89. PS2082 Comparative politics
    90. PS3086 Democracy and democratisation
    91. PS3088 Politics and policies of the European Union
    92. PS3105 Contemporary political theory: liberalism and its critics
    93. PS3108 Political analysis and public choice
    94. SC1021 Principles of sociology
    95. SC1158 Reading social science (half course)
    96. SC2145 Social research methods
    97. SC2163 Sociological theory and analysis
    98. SC3055 Sociology of development
    99. SC3057 Social policy
    100. SC3144 Historical sociology
    101. SC3160 Population and society
    102. ST104A Statistics 1 (half course)
    103. ST104B Statistics 2 (half course)
    104. ST3133 Advanced statistics: distribution theory (half course)
    105. ST3134 Advanced statistics: statistical inference (half course)
  7. Annex C: Assessment Criteria
  8. Glossary of terms
  9. Related documents and other sources of information
  10. Corrections

EC2065 Macroeconomics

Prerequisites (applies to degree students only)

EC1002 Introduction to economics and either MT105A Mathematics 1 or MT1174 Calculus.

Syllabus

This syllabus covers the main principles involved in the determination of real income, employment and unemployment, the price level and inflation in an open mixed economy, and the conduct of macroeconomic policy.

The main topics are:

Aggregate demand in a closed economy: the determinants of consumption, investment, demand for and supply of money; wealth effects; the IS-LM model and policy prescriptions.

Aggregate demand in an open economy: exchange rate regimes, international trade and capital flows, and external balance; the IS-LM-BP model and policy prescriptions.

Aggregate demand, aggregate supply and the price level: the aggregate demand curve; short and long run aggregate supply curves; the aggregate demand-aggregate supply model and its applications to the determination of the price level and real income, and demand management policy; the neo-classical (Solow) growth model.

Inflation and unemployment; models of inflation; costs of inflation; counter-inflationary policy; full employment and the natural rate of unemployment; types and causes of unemployment, and policies to reduce them.