Macroeconomics of Money and Financial Markets

Module description


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:

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

External Engagement
Previously we had a guest speaker from the Bank of England who spoke on the credit crisis.

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:






Duration of module: Duration (weeks) - term 1:


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. the ability to manipulate a number of models to analyse macroeconomic issues
  • 2. the ability to understand macroeconomic articles in academic journals

ILO: Discipline-specific skills

  • 3. an ability, appropriate to master's level, to formulate and manipulate economic macroeconomic models
  • 4. an ability to place an economic problem in its broader social and political context
  • 5. an understanding of the sources and content of economic data and evidence and of those methods that might be applied appropriately to the analysis of such data.

ILO: Personal and key skills

  • 6. confidence in identifying, tackling and solving research problems
  • 7. development of logical thinking and analytical rigor
  • 8. inductive and deductive reasoning skills
  • 9. the ability to work independently.

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

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours36Lectures

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Online forumOpen on ELE throughout the module1-9Response of Forum

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Midterm Examination5060 minutes1-9Written feedback
Final Examination 5060 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
Written ExaminationWritten Examination (100%)1-9Aug/Sep

Re-assessment notes

The resit exam will cover material based in the entire semester.

Syllabus plan

NB the plan is described via topics rather than weeks.

  • Introduction.
  • Goods and Money Markets
  • The Is-LM Model
  • Aggregate Supply and the Role of Expectations
  • Concepts in Open Economy Macroeconomics
  • Exchange Rate Regimes
  • Macroeconomic Interdependence



Indicative learning resources - Basic reading

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

Blanchard, O., Giavazzi, F., Amighini, A. 2013. Macroeconomics: A European Perspective (2nd ed.), Pearson.


Module has an active ELE page?


Origin date


Last revision date