This module provides a short course in international macroeconomics. We begin by studying exchange rates before turning to wider issues in international macro, such as the costs and benefits of participation in global capital markets; sovereign debt and currency crises; and the uses and limitations of monetary policy.
Aims and Objectives
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
Learning and Teaching
Teaching and learning methods
Lectures + classes.
|Total study time||150|
Resources & Reading list
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..
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 assessment description
Referral assessment description
Repeat assessment description
Repeat type: Internal & External