Macroeconomics of Money and Financial Markets

Module description

Summary:

This module explores the core areas of modern macroeconomics and will develop your understanding of macroeconomic models. The emphasis will be on learning theoretical concepts and analytical techniques, as an aid to understanding contemporary macroeconomic problems.

Additional Information:

Sustainability
All course material can downloaded from the ELE (Exeter Learning Environment).

Employability

Previous students have successfully found jobs in centres that deal with current trends in economic activity and government institutions, such as central banks.

Full module specification

Module title:	Macroeconomics of Money and Financial Markets
Module code:	BEEM120
Module level:	M
Academic year:	2023/4
Module lecturers:	Dr Dudley Cooke - Convenor
Module credit:	15
ECTS value:	7.5
Pre-requisites:	None
Co-requisites:	None
Duration of module:	Duration (weeks) - term 1: 9

Module aims

The aim of the module is to present a coherent explanation of how the macroeconomic system is organized as and to highlight its connection with financial markets. The emphasis will be on learning theoretical concepts and techniques, as an aide to understanding contemporary macroeconomic problems. The module aims to develop a students’ ability to think critically about developments in financial markets and money institutions. Students then can interpret current events as the logical outcome of principles.

ILO: Module-specific skills

1. manipulate a number of models to be used to analyse macroeconomic issues
2. critically analyse macroeconomic articles in academic journals

ILO: Discipline-specific skills

3. manipulate economic macroeconomic models at the masters level
4. place an economic problem in its broader social and political context
5. identify and apply the sources and content of economic data

ILO: Personal and key skills

6. identify, tackle and solve research problems confidently
7. apply logical thinking and analytical rigor
8. apply inductive and deductive reasoning skills
9. work independently.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching Activities	Guided independent study	Placement / study abroad
27	123	0

Details of learning activities and teaching methods

Category	Hours of study time	Description
Scheduled learning and teaching activities	18	Lectures
Scheduled learning and teaching activities	9	Tutorials
Guided independent study	123	Reading, preparation for classes and assessments

Formative assessment

Form of assessment	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
Tutorial Questions	In class	1-9	In class

Summative assessment (% of credit)

Coursework	Written exams	Practical exams
0	100	0

Details of summative assessment

Form of assessment	% of credit	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
Mid-term examination	30	50 minutes	1-9	Written feedback
Final examination	70	90 minutes	1-9	Written feedback
	0
	0
	0
	0

Details of re-assessment (where required by referral or deferral)

Original form of assessment	Form of re-assessment	ILOs re-assessed	Timescale for re-assessment
Mid term examination	Mid term examination (30%) (50 minutes)	1-9	Aug/Sep
Final examination	Final examination (70%) (90 minutes)	1-9	Aug/Sep

Syllabus plan

The IS-LM Model: Fiscal and Monetary Policy
Liquidity Traps and Aggregate Demand
Ricardian Equivalence
Nominal Rigidities, Aggregate Supply, and the Phillips Curve
Optimal Monetary Policy
Open Economy Macroeconomics: Fiscal and Monetary Policy Revisited

Indicative learning resources - Basic reading

Mankiw, N. Gregory, 2016. Macroeconomics (9th ed.), Macmillan

Blanchard, O., Giavazzi, F., Amighini, A. 2013. Macroeconomics: A European Perspective (3rd ed.), Pearson.

Module has an active ELE page?

Yes

Origin date

01/09/2008

Last revision date

23/09/2021