Macroeconomic Policy 3

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• place macroeconomic policy discussions into a formal theoretical framework of the open economy
• use formal logic to solve open economy models and critically and empirically evaluate these models

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• the central theoretical and practical concepts in international macroeconomics
• application of economic principles and methods to international macroeconomics, including the causes and consequences of foreign exchange market intervention, including sovereign default and exchange rate crises

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• communicate logical arguments in written form

• 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

Assessment on this modules is through end of module examination (80% of the final mark) and coursework in form of solving problem sets (20%). This is supported by continuous formative assessment in form of problem sets. This is the same for internal repeat. Assessment for external repeat and referral is though 100% end of module examination.

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Repeat Information

Repeat type: Internal & External