Macroeconomic Policy 3

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

• Demonstrate knowledge and understanding of economic models at the back of a policymaker's mind and be able to critically and empirically evaluate these models
• Demonstrate knowledge and understanding of the causes and consequences of foreign exchange market intervention, including sovereign default and currency crises
• Place economic policy discussions into a formal theoretical framework

• Introduction to exchange rates
• The long run approach to exchange rates
• The short run approach to exchange rates
• The current account
• Sovereign debt and default
• Why doesn't capital flow from rich to poor countries?
• Macro policy under fixed and floating exchange rates
• Exchange rate crises

Teaching and learning methods

Lectures + classes.

Resources & Reading list

General Resources

The main course reading is an Ebook which is made available on Blackboard in pdf format. Additional resources for each topic will be posted on Blackboard..

Assessment strategy

80% through end of semester examination and 20% through continuous successful participation in solving problem sets. In the event of you having to resit this module, your problem set marks will not be carried forward.

Summative

Summative assessment description

Referral

Referral assessment description

Repeat

Repeat assessment description

Repeat Information

Repeat type: Internal & External