ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title APPLIED INTERNATIONAL MACROECONOMICS
Code ECON346
Coordinator Dr SB Pfaffenzeller
Economics
S.Pfaffenzeller@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 6 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

ECON111 MATHEMATICS FOR ECONOMICS AND BUSINESS; ECON112 STATISTICS FOR ECONOMICS AND BUSINESS; ECON223 MACROECONOMICS I; ECON224 MACROECONOMICS II 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours   12

      24

12

48
Timetable (if known)   60 mins X 1 totaling 12
 
      120 mins X 1 totaling 24
60 mins X 1 totaling 12
 
 
Private Study 102
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1: Mid-term assessment Type: Written Exam Duration: 24 hour Weighting: 20% Reassessment Opportunity: No reassessment opportunity; the reason is detailed below, The final exam (and  24 hours    20       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 2: Written Report Assessment Type: Coursework Size: 2000 words Weighting: 80% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous  -2000 words    80       

Aims

This module aims to encourage critical reflection in combination with formal modelling skills applied to macroeconomic models and in the context of international interaction.


Learning Outcomes

(LO1) Students will be able to provide advancedinterpretations combining macroeconomic economic theory in aglobal economic context and reflect critically on the models employed.

(LO2) Students will be able to demonstrate knowledgeand understanding of exchange rate régimes and of how they relate to thebalance of payments and the scope for policy design.

(LO3) Students will demonstrate a representativeawareness and an advanced understanding ofrecent, current and defining historic currency crises.

(LO4) Students will be able to relate parityconditions to economic analysis tasks in diverse model contexts.

(LO5) Students will be able to identify how andwhere to source key data for international comparisons and relate them toformal model representations.

(S1) Problem solving skills

(S2) International awareness

(S3) Lifelong learning skills


Teaching and Learning Strategies

Teaching Delivery: Mixed, hybrid delivery with social distancing on campus

Teaching Method: Online Asynchronous Learning Materials
Description: pre-recorded sessions with material approximately equivalent to 12 traditional 2 hour lectures
Unscheduled Directed Student Hours: 24
Attendance Recorded: No

Teaching Method: Seminar:
Description: Sessions will be more narrowly focussed and provide guided solutions and discussions for questions and detailed derivations. There will be opportunities for interactive participation
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes

Teaching Method: Group Study
Description: Weekly 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 12
Attendance Recorded: No

Self-Directed Learning Hours: 102
Description: Students should use self-directed learni ng hours to conduct in-depth background reading, drawing on the recommended reading and related material. This activity can be complemented by attempts to derive solutions for seminar questions prior to the seminar session as well as exam directed revision of material.

Skills/Other Attributes Mapping

Skills / attributes: Problem solving skills
How this is developed: Taught skills are developed during lectures and interactive exercises.
Mode of assessment (if applicable): Examination and Mid-term assessment

Skills / attributes: International awareness
How this is developed: Taught skills are developed during lectures and interactive exercises.
Mode of assessment (if applicable): Examination and Mid-term assessment

Skills / attributes: Lifelong learning skills
How this is developed: Taught skills are developed during lectures and interactive exercises.
Mode of assessment (if applicable)


Syllabus

 

The Global Macro-economy, an overview
Exchange rates and exchange rate markets
The structure and determination of the Balance of Payments
Exchange rate regimes: fixed and floating exchange rates
Exchange rate crises
The euro area and the euro crisis


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.