Course Details in

Module Title	LI International Economy
School	Birmingham Business School
Department	Birmingham Business School
Module Code	07 27878
Module Lead	Liza Jabbour
Level	Intermediate Level
Credits	10
Semester	Semester 1
Pre-requisites
Co-requisites
Restrictions	None
Contact Hours	Lecture-20 hours Tutorial-5 hours Guided independent study-75 hours Total: 100 hours
Exclusions
Description	This module provides students with an introduction to core macro-economic theory and principles in a business context. The main purpose is to equip students with knowledge of main macro-economic concepts, theories and principles and basic tools and methods of economic analysis. The module is designed to provide a perspective, at an introductory level, of macroeconomics and to equip students with the ability to understand and analyse current and topical economics issues with relevance for business. Topics typically covered may include: the main macroeconomic variables (GDP, inflation, and unemployment) and their measurement, basic macroeconomic theory including models of short-run and long-run aggregate demand and supply, and economic growth. The module will also offer an overview of theories of unemployment and inflation; Keynesian analysis; monetary policy; and international trade.
Learning Outcomes	By the end of the module students should be able to: Demonstrate knowledge and understanding of modern macroeconomics; Demonstrate a critical understanding of the determination of national equilibrium, employment and the price level; Analyse how various macroeconomic developments, shocks and policies might be expected to affect the economic environment in an open economy; Develop an understanding of how basic economic concepts, principles and models relate to real world cases and situations, and of their relevance for business; Develop a critical understanding of the links between business and the macro-economic environment.
Assessment	27878-01 : Class Test : Class Test (25%) 27878-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (75%)
Assessment Methods & Exceptions	Assessments: 1 hr exam (75%) 1 hour class test (25%) Reassessment: 1 hour exam (100%)
Other	None
Reading List