Module ECOS2131: MACROECONOMICS AND INTERNATIONAL FINANCE

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

ECOS2131: MACROECONOMICS AND INTERNATIONAL FINANCE

Tied To

• N102: Business with Placement Year (see Undergraduate Handbook 2014-2015 for details)
• N200: Business (see Undergraduate Handbook 2014-2015 for details)
• N300: Business Finance with Placement Year (see Undergraduate Handbook 2012-2013 for details)
• N301: Business Finance with Business Placement
• N302: Accounting and Finance with Business Placement
• N303: Business Finance with Study Abroad (see Undergraduate Handbook 2014-2015 for details)
• N304: Accounting and Finance with Study Abroad
• N420: Business Finance
• NN34: Accounting and Finance with Placement Year (see Undergraduate Handbook 2012-2013 for details)
• NN43: Accounting and Finance

Pre-requisites

Corequisites

Excluded Combinations

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 - e.g. through summative assessment.
• Planning and Organising - e.g. by preparing for the examination.
• Initiative - e.g. by searching relevant literature and information in preparation for summative assessment.
• Problem Solving and Analysis - e.g. by applying the necessary analytical skills, as well as the ability to manipulate concepts in ecomomics, in undertaking assessed work.
• Computer Literacy - e.g. downloading notes for revisiom and past exam papers from DUO.
• Reasoning abilities - skills in assessing alternative ideas, and the criteria used in accepting or rejecting economic arguments, theories or theoretical systems.

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 test. Summative assessment is by means of a written examination including a student centred learning question.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

One in-class test in Term One