Academic year(s): 2018-2019
SCOTCAT credits : 20
ECTS credits : 10
Level : SCQF Level 10
Availability restrictions: Available to General Degree students with the permission of the Honours Adviser
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).
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
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%
Re-assessment: 2-hour Written Examination = 100%
Module coordinator: Dr P D Macmillan
Module teaching staff: Dr P Macmillan