You’re doing Intro Macro: what comes after it?

You’re (probably) doing EC114, Intro Macro, at the University of Reading, if you’re reading this blog. This post is directed specifically at students of the course, so my apologies to those more casual readers the blog may attract.

What might you do after you’ve done Intro Macro, particularly if you enjoyed it, or think it’s important to learn macro?

As a department we’re in the process of constructing a topic/theme matrix enabling you to see the kinds of modules in your second and third years that you might wish to choose that build on Intro Macro.

At a very basic level, in your second year you may wish to choose Intermediate Macroeconomics (EC202, assuming it’s not compulsory for you), but this is not the only macroeconomic option we offer.  You might also think about Economic Theory (EC221), which thinks much more about what theories are (something we’ll spend time thinking about this year). Economic History (EC243) is another module you might think about: a surprisingly large amount of history was greatly influenced by economic, and more usually macroeconomic, events than you might have previously thought.

In reality though, it’s your third year (part 3) where your options for studying macroeconomics further really are; as such, I’d recommend having a look at each of the following module details pages to check whether there are any pre-requisite modules you should be choosing in your second year. Here is our suite of modules at part 3:

  • Advanced Macroeconomics (EC302): Deeper consideration of the major themes of macroeconomics: long-term growth and short-term fluctuations.
  • Further Microeconomics and Macroeconomics (EC310): The macro part particularly considers the role of information in how monetary and fiscal policy operate in order to achieve macroeconomic stability.
  • International Economics (EC311): International economics refers mainly to topics we consider towards the end of term: exchange rates, trade and globalisation.
  • European Economic Integration (EC316): International economics applied specifically to the European project. With an EU referendum on the way, perhaps never a better time to be thinking about European economics!
  • Money and Banking (EC320): We spend a lecture thinking about money and banking – crucial functions of any economy, as the Global Financial Crisis made abundantly clear.
  • Macroeconomics for Developing Countries (EC342): The fundamental question of economics is (put from our perspective here in the UK) “why are we so rich and they so poor?”. A non-trivial part of this is macroeconomic policy on the part of governments – well worth studying in much more detail if you have an interest in development.
  • Banking in Emerging Economies (EC344): More on banking, and applied to emerging economies – particular issue of interest is the impact of financial liberalisation, often a characteristic of banking in emerging economies.

Plenty of food for thought as you ponder what you want to study over your time with us. No need to make choices now, just consume EC114 and you’ll be better informed when the time comes to make your module choices for parts 2 and 3…