ECF5923 - Macroeconomics and monetary policy - 2019

This unit examines the scope for policy to improve macroeconomic performance. It will cover: the cyclical behaviour of the economy; the role of monetary, fiscal and exchange rate policies in influencing economic activities; the implementation and operation of monetary policy; the relationship of exchange rates to monetary policy; major factors determining movements in interest rates and exchange rates in both the intermediate and long terms.

The learning goals associated with this unit are to:

1. understand the theoretical and practical importance of distinguishing between the short-run and long-run impacts of macroeconomic policy
2. understand the importance of and the differences between monetary, fiscal and exchange rate policies
3. be able to critically assess macroeconomic policy
4. understand the implementation and operation of monetary policy and critically assess its impact on the national economy
5. be familiar with economic factors which are of a major interest to stakeholders in the banking and finance industries.

Within semester assessment: 40% + Examination: 60%

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information