Macroeconomics of Money and Financial Markets
| Module title | Macroeconomics of Money and Financial Markets |
|---|---|
| Module code | BEEM120 |
| Academic year | 2023/4 |
| Credits | 15 |
| Module staff | Dr Dudley Cooke (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 9 |
| Number students taking module (anticipated) | 100 |
|---|
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.
Module aims - intentions of the module
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.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 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
On successfully completing the module you will be able to...
- 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
On successfully completing the module you will be able to...
- 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.
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
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 |
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.
| Credit value | 15 |
|---|---|
| Module ECTS | 7.5 |
| Module pre-requisites | None |
| Module co-requisites | None |
| NQF level (module) | 7 |
| Available as distance learning? | No |
| Origin date | 01/09/2008 |
| Last revision date | 23/09/2021 |
