EC5901 International Macroeconomics

Academic year

2024 to 2025 Semester 2

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 11

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Planned timetable

To be arranged.

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr J M Swarbrick

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Jonathan Swarbrick

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

The module will cover key issues in international finance. Topics will include analyzing models of exchange rate determination, both nominal and real; and analysis of the determinants of international capital flows. The module will introduce a range of analytical models, together with a range of empirical and policy-oriented material.

Relationship to other modules

Anti-requisites

YOU CANNOT TAKE THIS MODULE IF YOU TAKE MN5607

Assessment pattern

2-hour Written Examination = 50%, Coursework = 50%

Re-assessment

2-hour Written Examination = 100%

Learning and teaching methods and delivery

Weekly contact

16 hours of lectures (2 lectures x 10 weeks), 5 hours of tutorials (5 x 1hr)

Scheduled learning hours

25

The number of compulsory student:staff contact hours over the period of the module.

Intended learning outcomes

  • Gain familiarity with key issues in the literature of international finance.
  • Gain a thorough understanding of the role of international relative price movements in open economies, how these relative price movements can be modelled, and how successful attempts to model exchange rates have been empirically.
  • Deepen understanding of the functioning of the international monetary and financial system.
  • Understand how macroeconomic policy works in an open economy.