EC307: Macroeconomics of Global (de-)Integration

Introduction

This module provides students with an overview of contemporary global macroeconomic challenges in Europe and beyond. You will develop an understanding of how international institutions operate, with a particular focus on the European Union, as well as organisations with a broader global remit such as the WTO. The module introduces a range of macroeconomic theories and applications, covering topics including financial market integration, labour markets, international trade, and Optimum Currency Areas (OCA). It also examines the implications of the current geopolitical climate, including concerns that globalisation may be slowing or, in some cases, reversing. In this context, the module analyses examples of global economic de-integration such as Brexit and wider withdrawals from free trade agreements. You will gain skills and techniques to analyse problems relating to monetary policy using mainly a diagrammatic and intuitive approach.

Principal Aims

The module aims to develop students' ability to analyse what is happening in the global macro economy. The module aims to use and build on ideas from core second–year modules.

Principal Learning Outcomes

Subject knowledge and understanding:… demonstrate a qualitative and quantitative understanding of the current issues in macroeconomic policy and global integration.

Subject knowledge and understanding:… demonstrate a knowledge of current events including trends and developments in economic data, policy institutions and legislation, and theoretical and econometric models of policy and policy outcomes.

Key skills: … communicate their knowledge of macroeconomic policy and global integration verbally and in writing.

Cognitive skills: …demonstrate an ability to apply their knowledge of macroeconomic policy issues to current economic events and case studies.

Professional skills: … review the relevant literature, case studies and evidence.

Syllabus

Context

Optional Module

LM1D (LLD2) - Year 3, GL11 - Year 3, GL12 - Year 4, L100 - Year 3, L103 - Year 4, L116 - Year 3, L1P5 - Year 1, L1PA - Year 1, V7ML - Year 3, V7MM - Year 4, V7MP - Year 3, V7MR - Year 3, LA99 - Year 3, R9L1 - Year 4, R3L4 - Year 4, R4L1 - Year 4, R2L4 - Year 4, R1L4 - Year 4, L1L8 - Year 3, L1CA - Year 3, L1CG - Year 4

Pre or Co-requisites

Any of:

EC201-30 Macroeconomics 2 AND

EC202-30 Microeconomics 2

OR

EC204-30 Economics 2

Summary:

Modules: (EC201-30 and EC202-30) and EC204-30

Assessment

Assessment Method

Coursework (20%) + Centrally-timetabled examination (On-campus) (80%)

Coursework Details

Centrally-timetabled examination (On-campus) (80%) , Presentation (20%)

Exam Timing

Summer

Exam Rubric

Time Allowed: 2 Hours

Read all instructions carefully - and read through the entire paper at least once before you start entering your answers.

There are TWO sections in this paper. Answer BOTH questions in Section A (20 marks each) and ONE question in Section B (60 marks).

Use a separate booklet for each Section.

• Use a PINK booklet for Section A questions.

• Use a GREEN booklet for Section B questions.

You must write the number(s) of the question(s) you have answered on the front cover of each booklet. Make sure the numbers are clearly visible and correspond to the questions you completed inside that booklet.

Do not submit answers to more than the required number of questions. If you do, only the first answers (in the order they appear) will be marked, up to the required number for each section.

Approved scientific (non-graphical) pocket calculators are allowed

Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.

Reading Lists