Unit name | International Macroeconomics |
---|---|
Unit code | EFIM30029 |
Credit points | 10 |
Level of study | H/6 |
Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
Unit director | Dr. Correia |
Open unit status | Not open |
Pre-requisites |
EFIM10007 Economic Principles 2 |
Co-requisites |
None |
School/department | School of Economics |
Faculty | Faculty of Social Sciences and Law |
The unit explains the macro economic implications of an economy being part of an international economy.
It explores theories of why we observe the movements in foreign exchange rates that we do;
why such movements can be volatile;
why there have been many currency crises in recent years;
how government macroeconomic policy operates in an international setting;
and why countries might join a currency union.
At the end of the course students will develop an understanding of
9 lectures
4 classes
Summative Assessment:
This is a 1.5 hour closed book exam (100%).
Each question will require students to demonstrate some of the learning outcomes; which ones will depend upon the question.
The exam paper addresses all learning outcomes.
Formative Assessment:
Students will write one essay which will form the basis of class discussions.
The typical essay length is 2000 words.
This essay too will require the student to demonstrate some of the learning outcomes;
which ones will depend upon the question.
P. Krugman, M. Obstfeld and M. Melitz. International Economics: Theory and Policy (Addison-Wesley)