Macroeconomics of Money and Financial Markets

Module title	Macroeconomics of Money and Financial Markets
Module code	BEEM120
Academic year	2019/0
Credits	15
Module staff	Dr Dudley Cooke (Convenor)

Duration: Term	1	2	3
Duration: Weeks	11

Number students taking module (anticipated)	37

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).

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

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. 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

On successfully completing the module you will be able to...

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

On successfully completing the module you will be able to...

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.

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

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

Scheduled Learning and Teaching Activities	Guided independent study	Placement / study abroad
36	114	0

Details of learning activities and teaching methods

Category	Hours of study time	Description
Contact hours	36	Lectures

Formative assessment

Form of assessment	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
Online forum	Open on ELE throughout the module	1-9	Response of Forum

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
Midterm Examination	50	60 minutes	1-9	Written feedback
Final Examination	50	60 minutes	1-9	Written feedback

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
Written Examination	Written Examination (100%)	1-9	Aug/Sep

Re-assessment notes

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

Indicative learning resources - Basic reading

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

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

Key words search

Macroeconomics; financial markets; monetary and fiscal policy; exchange rate

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	09/10/2017