University of St Andrews

Key information

SCOTCAT credits : 20

ECTS credits : 10

Level : SCQF level 10

Semester: 2

Availability restrictions: Available to General Degree students with the permission of the Honours Adviser

Planned timetable: To be arranged.

The module is designed to provide a specialised understanding of both monetary policy and fiscal policy issues. The lectures will cover a broad range of issues. These may include central bank independence, monetary policy transparency and accountability, monetary policy targets, Taylor rules and inflation targeting, monetary and fiscal policy in a depressed economy, monetary and fiscal policy interaction. We will also look at the operation of monetary policy in a number of institutions (e.g. ECB, Bank of England).

Relationship to other modules

Pre-requisite(s): Permission of the Economics Honours Adviser

Learning and teaching methods and delivery

Weekly contact: 20 hours of lectures over 11 weeks, 1-hour tutorial (x 5 weeks) plus 1 office hour (x 12 weeks).

Scheduled learning hours: 25

Guided independent study hours: 175

Assessment pattern

As used by St Andrews: 2-hour Written Examination = 50%, Coursework (incl. Class Test 25%) = 50%

As defined by QAA
Written examinations : 75%
Practical examinations : 0%
Coursework: 25%

Re-assessment: 2-hour Written Examination = 100%

Personnel

Module coordinator: Dr P D Macmillan
Module teaching staff: Dr Peter Macmillan
Module coordinator email pdm1@st-andrews.ac.uk