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About
What is PPE?
Message from Programme Director
Programme Information
News & Events
Team
Admission
Year 1 Entry
Senior Entry
Curriculum
Structure
Courses
Student Life
Graduate Pathway
Further Studies
Employment Pathway
Media Coverage
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Disciplinary Core
/ ECO2003 Macroeconomics: Policy and Applications
Business cycle and national economy
3
Business cycle
Gross domestic product
Saving, investment, goods market equilibrium
Productivity, output and employment
4
Production function
Labour market equilibrium
Unemployment
Relating output and unemployment: Okun’s Law
Long-run economic growth
3
Sources of economic growth
Solow model
Government policies to raise long-run living standards
Asset market, money, and prices
3
Demand for money
Asset market equilibrium
Money growth and inflation
IS-LM / AD-AS model
3
General equilibrium in the complete IS-LM model
Price adjustment and general equilibrium
Aggregate supply and aggregate demand
Classical business cycle analysis
3
Classical model
Misperceptions theory
Nonneutrality of money
Wage and price rigidity
2
Real wage rigidity and price stickiness
Monetary and fiscal policy in Keynesian model
Unemployment and inflation
3
Unemployment and inflation
The Phillips curve
Monetary policy and the Phillips curve
Monetary policy
3
Supply of money
Monetary control
Monetary policy: rules versus discretion
Government spending and its financing
3
Government spending, taxes, and the macroeconomy
Government deficits and debt
Government deficits and inflation
ECO2003 Macroeconomics: Policy and Applications
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Monetary and fiscal policy in Keynesian model
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The Phillips curve
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