¹û¶³´«Ã½

Introduction

This module provides students with an overview of contemporary global macroeconomic challenges in Europe and beyond. You will develop an understanding of how international institutions operate, with a particular focus on the European Union, as well as organisations with a broader global remit such as the WTO. The module introduces a range of macroeconomic theories and applications, covering topics including financial market integration, labour markets, international trade, and Optimum Currency Areas (OCA). It also examines the implications of the current geopolitical climate, including concerns that globalisation may be slowing or, in some cases, reversing. In this context, the module analyses examples of global economic de-integration such as Brexit and wider withdrawals from free trade agreements. You will gain skills and techniques to analyse problems relating to monetary policy using mainly a diagrammatic and intuitive approach.

Principal Aims

The module aims to develop students' ability to analyse what is happening in the global macro economy. The module aims to use and build on ideas from core second–year modules.

Principal Learning Outcomes

Subject knowledge and understanding:… demonstrate a qualitative and quantitative understanding of the current issues in macroeconomic policy and global integration.

Subject knowledge and understanding:… demonstrate a knowledge of current events including trends and developments in economic data, policy institutions and legislation, and theoretical and econometric models of policy and policy outcomes.

Key skills: … communicate their knowledge of macroeconomic policy and global integration verbally and in writing.

Cognitive skills: …demonstrate an ability to apply their knowledge of macroeconomic policy issues to current economic events and case studies.

Professional skills: … review the relevant literature, case studies and evidence.

Syllabus

Context

Optional Module

LM1D (LLD2) - Year 3, GL11 - Year 3, GL12 - Year 4, L100 - Year 3, L103 - Year 4, L116 - Year 3, L1P5 - Year 1, L1PA - Year 1, V7ML - Year 3, V7MM - Year 4, V7MP - Year 3, V7MR - Year 3, LA99 - Year 3, R9L1 - Year 4, R3L4 - Year 4, R4L1 - Year 4, R2L4 - Year 4, R1L4 - Year 4, L1L8 - Year 3, L1CA - Year 3, L1CG - Year 4

Pre or Co-requisites

Any of:

EC201-30 Macroeconomics 2 AND

EC202-30 Microeconomics 2

OR

EC204-30 Economics 2

Summary:

Modules: (EC201-30 and EC202-30) and EC204-30

Assessment

Assessment Method

Coursework (20%) + Centrally-timetabled examination (On-campus) (80%)

Coursework Details

Centrally-timetabled examination (On-campus) (80%) , Presentation (20%)

Exam Timing

Summer

Reading Lists