International Money and Macroeconomics
| Code | School | Level | Credits | Semesters |
| ECON3018 | Economics | 3 | 10 | Spring UK |
- Code
- ECON3018
- School
- Economics
- Level
- 3
- Credits
- 10
- Semesters
- Spring UK
Summary
The aim of this module is to learn various macro models in the open-economy context. Specifically, models we study help us consider topics relating to exchange rate determination; effectiveness of macroeconomic policies in a small open economy; international spill-over effects; current account balance; an international transmission of financial crisis. A number of stylised facts and some simple empirical investigations are also covered.
Target Students
Available for final year Undergraduate students on Economics degree programmes (including final year Undergraduate students on the BA Jt Hons Politics and Economics and BSc Jt Hons Mathematics and Economics degrees). Not available for Exchange students.
Classes
This module is delivered through a series of lectures and tutorials.
Assessment
- 100% Exam (2-hour): Exam
Assessed by end of spring semester
Educational Aims
We learn various economic models in the open-economy context. Specifically, models we study help us consider topics relating to exchange rate determination effectiveness of macroeconomic policies in a small open economy international spill-over effects current account balance financial crisis. Various stylised facts are presented in relation to theories.The module aims to enable the participants to develop skills in reflection of understanding of material through tutorials.Learning Outcomes
Emphasised learning outcomes:
Knowledge and Understanding:
A4 Demonstrate understanding of verbal, graphical, mathematical and econometric representation of economic ideas and analysis, including the relationship between them.
Intellectual Skills:
B2 Reason logically and work analytically.
B4 Be able to frame analysis of problems, identifying which parameters should be taken as fixed and why they might change.
Professional / Practical Skills:
C1 Discuss and analyse government policy.
C3 Be familiar with differing approaches to analysing a given economic problem and the history and development of economic ideas.
Transferable Skills:
D2 Communicate effectively and clearly in written and oral formats.