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 | MACROECONOMICS AFTER THE FINANCIAL CRISES | ||
| Code | ECON364 | ||
| Coordinator |
Dr S Mitra Economics Shalini.Mitra@liverpool.ac.uk |
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| Year | CATS Level | Semester | CATS Value |
| Session 2019-20 | Level 6 FHEQ | Second Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
| ECON221&; ECON222&; ECON223&; ECON224 |
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: |
| None |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
| Programme: LZ00 Year 3 Programme: L101 Year 4 Programme: L0V0 Year 3 Programme: Economics 75% Year 3 |
Teaching Schedule |
| Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
| Study Hours |
2 Introductory lecture - week 1 |
12 Discussion-based seminar |
.5 Supervision of project weeks 7 - 12 |
14.5 | |||
| Timetable (if known) |
Introductory lecture in week 1 for all students to lay out the structure and content of the course, along with the assessment criteria.
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Each seminar will be delivered by a different member of the teaching team and will draw upon their individual research interests.
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Students will have a minimum of two individual 15 - 20 minute meetings with their supervisor. By the time of the second meeting students should have collected data, covered some background literature
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| Private Study | 135.5 | ||||||
| TOTAL HOURS | 150 | ||||||
Assessment |
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| EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
| CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
| Coursework | 5000 words | Semester 2 | 100 | Yes | Standard UoL penalty applies | Coursework Notes (applying to all assessments) The main idea of the assessment is to engage students in a thinking exercise. To encourage them to ask questions of the type, ‘what really happened?’, ‘are things different now and how’, ‘in what ways have the policy environment changed’, ‘what does it mean for business and the economy’. Supervisors will not read draft essays as part of the assessment but will provide guidance during supervision meetings in its preparation and will be available to address specific questions during office hours. Consultation and advice on the assessed project is consciously separated from the discussion of its written implementation. It is fully intended to challenge students to learn to gather data and information, absorb third party advice and compile the information so gathered into an independent piece of writing and research which they can present with some confidence. Ownership of the final write up process should therefore be with the student. While this procedure is challenging, it should prepare students to competently and confidently conduct and present independent work at later stage postgraduate training or in employment situations. It is intended that work will be marked anonymously, in line with standard School practice. However, where a low number of students have elected to write coursework with a particular supervisor, the supervisor – who may also be the first marker of the coursework – may find it impossible to avoid identifying the student. All moderation will, however, be conducted anonymously. |
Aims |
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This module aims to equip students with the knowledge of how the economy has changed since the financial crises and what this means for business and policy environment. |
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Learning Outcomes |
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Students will be able to critically analyse contemporary macroeconomic issues. |
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Students will be able to understand how the crises have reshaped our thinking of macroeconomic policies. |
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Students will be able to understand and explain the role of macroprudential policies, monetary policy, fiscal policy and financial regulation. |
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Students will be able to understand and explain the roles played by exchange rate systems and capital accounts of countries. |
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Students will be able to conduct competent independent research in Economics and embody it in an appropriate paper. |
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Teaching and Learning Strategies |
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Lecture - Introductory lecture - week 1 Introductory lecture in week 1 for all students to lay out the structure and content of the course, along with the assessment criteria. |
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Seminar - Discussion-based seminar Each seminar will be delivered by a different member of the teaching team and will draw upon their individual research interests. |
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Formative Feedback (e.g. peer, revision sessions) - Supervision of project weeks 7 - 12 Students will have a minimum of two individual 15 - 20 minute meetings with their supervisor. By the time of the second meeting students should have collected data, covered some background literature and be prepared to present the structure of their intended project. At this meeting they will also be able to raise any questions that have arisen during the research process. |
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Syllabus |
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| 1 |
Monetary Policy, Macro-prudential Policy, Financial Regulation, Fiscal Policy, Exchange Rate Arrangements, Capital Account Management. A textbook will cover the main topics of discussion while additional papers/resources may be posted online. Students are expected to read the material and come to class prepared for discussion. These discussions will form the basis of the coursework they are expected to complete by the end of the semester. Students will be expected to undertake additional independent research while writing their coursework.
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Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. Explanation of Reading List:
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