Module

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:2020/1
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 master’s 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 ActivitiesGuided independent studyPlacement / study abroad
271230

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled learning and teaching activities18Lectures
Scheduled learning and teaching activities9Tutorials
Guided independent study123Reading, preparation for classes and assessments

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Tutorial QuestionsIn class1-9In class

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
01000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Mid-term examination3050 minutes1-9Written feedback
Final examination 7090 minutes1-9Written feedback

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

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Mid-term examination (30%) and Final examination (70%)Written examination (100%) (90 minutes)1-9Aug/Sep

Re-assessment notes

The resit exam will cover material based in the entire semester and will last 90 minutes.

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

02/09/2020