On completion of this course, the student will be able to: A knowledge and understanding of principles and models used in macroeconomic analysis and associated mathematical and statistical techniques, along with applications and policy implications of those models. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
Communication skills in order to critique, create and communicate understanding. Personal effectiveness through task-management, time-management, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
Reading ListFor the first part of the course, we will make use of Romer, D Lecture: Supply and demand; Markets and macroeconomics; The theory of to have regular access to the Internet and you will need to buy the following book: Coursework is an integral part of all online courses and everyone enrolled will be appointed as a Teaching Fellow in Economics at University College London..
For the second part of the course there is no single textbook that covers this material at the undergraduate level.
Having said that, students might find parts of the following books helpful for wider reading: George Borjas, Labor Economics, McGraw-Hill. This is a basic undergraduate labour economics text. Richard Layard, Stephen Nickell, and Richard Jackman, The Unemployment Crisis, Oxford University Press, (1994).
An introduction to the analysis of the European unemployment problem that arose in the 1980s. Christopher Pissarides, Equilibrium Unemployment Theory, MIT Press, (2000).
For students who want to preview a graduate-level treatment of search and matching models.