University of St Andrews

Key information

SCOTCAT credits : 20

ECTS credits : 10

Level : SCQF level 10

Semester: 1

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

Planned timetable: 11.00 am - 1.00 pm Fri.

This module provides a comprehensive treatment of selected aspects of international macroeconomics. The course makes intensive use of mathematical techniques of exchange rate modelling. The module aims to deepen understanding of the functioning of the international monetary and financial system, and to familiarise students with some key issues in the literature of international macroeconomics.

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).

Scheduled learning hours: 25

Guided independent study hours: 175

Assessment pattern

As used by St Andrews: 2-hour Written Examination = 50%, Coursework (incl. Technical Assignment 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 S Godinjak
Module teaching staff: Dr S Godinjak
Module coordinator email sg348@st-andrews.ac.uk

Intended learning outcomes

• Gain familiarity with key issues in the literature of international macroeconomics
• 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 open economy.