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EXC 2807 Macroeconomics and Financial Markets - RE-SIT EXAMINATION

APPLIES TO ACADEMIC YEAR 2012/2013

EXC 2807 Macroeconomics and Financial Markets - RE-SIT EXAMINATION

Responsible for the course
Erling Steigum, Arne Jon Isachsen

Department
Department of Economics

Term
According to study plan

ECTS Credits
6

Language of instruction
English

Introduction

    Objective
    The students will familiarize themselves with important concepts in Monetary Economics. What factors determine the rate of interest, the rate of inflation and the exchange rate? How do these three prices relate to one another? Although the theory may be fairly simple, logical and straightforward, empirical research tells us that the exchange rates and interest rates quite often behave unpredictably, creating challenges for politicians and central bankers as well as for the agents in financial markets. This course also offers insights into real world phenomena, like the consequences of liberalizing the credit market and allowing capital to travel across borders. Monetary policy in the US, in the EU, and in China is also on the agenda.

      Prerequisites
      Good understanding of basics in Macro and Micro Economics

      Compulsory reading
      Books:
      Mishkin, Frederic S. 2010. The economics of money, banking and financial markets. 9th ed. Boston : Prentice Hall. Kommer med “MyEconLab XL” og får pakkenummer 9781408245804.

      Other:
      In addition a few recent articles will be distributed


      Recommended reading

      Other:
      Note that the students are expected to follow quite closely Financial Times and The Economist througout the course
      Some recent articles will be referred to


      Course outline
      1. Money and money markets
      2. The term structure of interest rates
      3. Fixed and Flexible exchange rates
      4. Risk and return in global financial markets
      5. Financial intermediation
      6. Asset price bubbles
      7. Speculative attacks, Financial crises and regulations to promote financial stability
      8. The transmission mechanism - or how monetary policy works
      9. Inflation targeting
      10. Monetary policy in the US, in EU, and in China

      Computer-based tools
      Computer-based tools are not used in this course.

      Course structure
      The course is based on 36 teaching hours.


      Examination
      A three hour individual written exam concludes the course.

      Examination code(s)
      EXC 28071 - Written exam accounts for 100% of the final grade in the course EXC 2807 Macroeconomics and Financial Markets, 6 credits.

      Examination support materials
      BI-approved exam calculator. TEXAS INSTRUMENTS BA II Plus™
      One bilingual dictionary may also be used at written examiniations. Support materials permitted at written examiniations are explained under exam information in our web-based Student handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids

      Re-sit examination
      Due to changes in our Bachelor Programmes from autumn 2009, there also will be changes in every single course. This course was taught for the last time in the spring semester of 2011. A re-sit exam will be offered every term including the spring semester of 2013.

      Additional information

      Semester

      Oversettelser