Required Documents

Subject to the External Examiner’s approval and may be subject to change LUBS5101M
This question paper consists

of 3 printed pages, each is
identified by the Code Number
LUBS5101
© UNIVERSITY OF LEEDS
(Semester 1, 2023/2024)
Assessed Coursework
LUBS5101 Macroeconomics
100% Assignment
Note:
 This assessment brief contains 6 questions.
 There are 2 sections: Section A and Section B. Answer one question from
Section A and one question from Section B.
 All questions are worth equal marks.
Section A: Choose one of the following questions (max. 1500 words). Use
equations, diagrams, simulation results, and/or published empirical research
where applicable.
1. Compare at least two of the models we covered with respect to their

microfoundations. What do they assume about individual behaviour? What
are the strengths and weaknesses of those? What are the implications of
those microfoundations for the macroeconomic results of the models?
2. Compare at least two of the models we covered with respect to the supply
side of the economy. How is the supply side characterised? How would a
shock to the supply side be represented within those models and what
would be its effects? What policy implications emerge?
3. Compare at least two of the models we covered with respect to the

financial side of the economy. How is the money supply determined?
What financial assets are considered and what is their role within those
models? How could a financial crisis be explained within the models?
Section B: Choose one of the following questions (max. 1500 words). Use
concrete examples and draw on macroeconomic data where possible to illustrate
your discussion.
1. Discuss what monetary and fiscal policy interventions Neoclassical, New

Keynesian, or Post Keynesian theory would recommend in response to an
adverse macroeconomic shock. Compare this theoretical analysis to a
1 of 3
specific empirical case.
2. Discuss how ecological macroeconomics explains the two-way interaction

between economic activity and climate change, and what climate policies
it suggests. Compare this theoretical analysis to a specific empirical case.
3. Discuss how behavioural macroeconomics explains the emergence of

financial instability and what financial regulation policies it suggests.
Compare this theoretical analysis to a specific empirical case.
Assignments should be a maximum of 3,000 words in length.
All coursework assignments that contribute to the assessment of a module are subject to a word limit,
as specified on the assessment brief. The word limit is an extremely important aspect of good
academic practice, and must be adhered to. Unless stated otherwise in the relevant module
handbook (if one has been provided), the word count includes EVERYTHING (i.e. all text in the main
body of the assignment including summaries, subtitles, contents pages, tables, supportive material
whether in footnotes or in-text references) except the main title, reference list and/or bibliography and
any appendices. It is not acceptable to present matters of substance, which should be included in the
main body of the text, in the appendices (“appendix abuse”). It is not acceptable to attempt to hide
words in graphs and diagrams; only text which is strictly necessary should be included in graphs and
diagrams.
You are required to adhere to the word limit specified and state an accurate word count on the cover
page of your assignment brief. Your declared word count must be accurate, and should not mislead.
Making a fraudulent statement concerning the work submitted for assessment could be considered
academic malpractice and investigated as such. If the amount of work submitted is higher than that
specified by the word limit or that declared on your word count, this may be reflected in the mark
awarded and noted through individual feedback given to you.
The deadline date for this assignment is 12:00:00 noon on Wednesday 3rd January 2024.
An electronic copy of the assignment must be submitted to the Assignment Submission area within the
module resource on the Blackboard MINERVA website no later than 12:00:00 noon prompt on the
deadline date.
Faxed, emailed or hard copies of the assignment will not be accepted.
Failure to meet this initial deadline will result in a reduction of marks, details of which can be found at
the following place:
https://students.business.leeds.ac.uk/assessment/code-of-practice-on-assessment/
SUBMISSION
Please ensure that you leave sufficient time to complete the online submission process, as upload
times can vary. Accessing the submission link before the deadline does NOT constitute completion of
submission. You MUST click the ‘CONFIRM’ button before 12:00:00 noon for your assignment to be
classed as submitted on time, if not you will need to submit to the Late Area and your assignment will
be marked as late. It is your responsibility to ensure you upload the correct file to the MINERVA, and
that it has uploaded successfully.
It is important that any file submitted follows the conventions stated below:
2 of 3
FILE NAME
The name of the file that you upload must be your student ID only.
ASSIGNMENT TITLE
During the submission process the system will ask you to enter the title of your submission. This
should also be your student ID only.
FRONT COVER
The first page of your assignment should always be the Assessed Coursework Coversheet (individual),
which is available to download from the following location:
https://students.business.leeds.ac.uk/forms-guidance-and-coversheets/
STUDENT NAME
You should NOT include your name anywhere on your assignment
END
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Subject to the External Examiner’s approval and may be subject to change LUBS5101M

This question paper consists

1. Compare at least two of the models we covered with respect to their

3. Compare at least two of the models we covered with respect to the

1. Discuss what monetary and fiscal policy interventions Neoclassical, New

specific empirical case.

2. Discuss how ecological macroeconomics explains the two-way interaction

3. Discuss how behavioural macroeconomics explains the emergence of

Assignments should be a maximum of 3,000 words in length.

Faxed, emailed or hard copies of the assignment will not be accepted.

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