Module ECOS2131: MACROECONOMICS AND INTERNATIONAL FINANCE FOR BUSINESS

Department: Economics, Finance and Business (Economics and Finance) [Queen's Campus, Stockton]

ECOS2131: MACROECONOMICS AND INTERNATIONAL FINANCE FOR BUSINESS

Prerequisites

• Introduction to Economics

Corequisites

• None

Excluded Combination of Modules

• None.

Aims

• To develop knowledge and understanding of international macroeconomic analysis; and develop knowledge and critical understanding of macroeconomic performance and its importance for the business community.

Content

• Understanding the macroeconomic context
• Economic Growth: capital accumulation, endogenous growth, convergence, technological progress
• International trade and globalisation
• Labour markets and unemployment
• Business cycle analysis and stabilisation policy
• Demand management. the extended IS-LM-AD-AS model
• The role of government, fiscal and monetary policy, and inflation
• Exchange rates and open economy macroeconomics

Learning Outcomes

• By the end of this module students should have knowledge and understanding of essential components of international macroeconomics

• By the end of this module, students should have had the opportunity to use principles of macroeconomics and international finance to analyse issues relevant to the business community

• Written communication - through summative assessment.
• Planning, Organisation and Time Management - e.g. by preparing summative assignment, observing strict deadlines for the submission of work; preparing for examinations.
• Problem Solving and Analysis - e.g. through addressing questions requiring the identification of relevant issues and principles and the use of critical thinking in assessed work.
• Computer Literacy and Information Retrieval - e.g. by word processing summative assignment

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Teaching is by lectures, seminars and revision lectures. Learning takes place through attendance at lectures, preparation for and participation in seminar classes, and private study. Formative assessment is by means of one piece of written work. Summative assessment is by means of a written examination and a written assignment.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

One one-hour test.

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University