Course Details in 2020/21 Session

Module Title	LH Open Economy Macroeconomics
School	Birmingham Business School
Department	Birmingham Business School
Module Code	08 30418
Module Lead
Level	Honours Level
Credits	10
Semester	Semester 2
Pre-requisites
Co-requisites
Restrictions	None
Contact Hours	Lecture-30 hours Guided independent study-70 hours Total: 100 hours
Exclusions
Description	The purpose of the module is to discuss some of the implications of the fact that the economy is open for the behaviour of the macroeconomy. The first section of the course discusses the law of one price, purchasing power parity and covered and uncovered interest parity. The second section considers the Mundell-Fleming model and the Dornbusch overshooting model, as well as more recent developments. The third section is devoted to policy related issues, such as target zones, speculative attacks on fixed exchange rate regimes and the East Asia financial crisis.
Learning Outcomes	By the end of the module students should be able to: demonstrate systematic knowledge and understanding of theories and concepts in open economy macroeconomics; critically analyse, using appropriate techniques, some static and dynamic open macroeconomic models; critically appraise policy related issues in open economy macroeconomics.
Assessment	30418-01 : Exam : Exam (Centrally Timetabled) - Written Unseen (100%)
Assessment Methods & Exceptions	Assessment: 2-hour examination (100%)
Other	Duplicate of Bham-based module 08 03579
Reading List