Module Code: H9MGC
Long Title Macroeconomics in a Global Context
Title Macroeconomics in a Global Context
Module Level: LEVEL 9
EQF Level: 7
EHEA Level: Second Cycle
Credits: 5
Module Coordinator: COLETTE DARCY
Module Author: Isabela Da Silva
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Appreciate key economic concepts, theories, and models of macroeconomics and interpret and appraise their implications within a dynamic business context.
LO2 Demonstrate a comprehensive multi-perspective knowledge of the macroeconomic framework within which business operates in terms of the big three: output growth, employment and inflation.
LO3 Demonstrate in-depth knowledge of macroeconomic management in the form of fiscal, monetary and trade policy and the ability to evaluate these in terms of their effect on business performance and competitiveness.
LO4 Critically assess contemporary global macroeconomic issues affecting economies and use these to predict key changes in the business environment.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements

There are no additional entry requirements for this module.  The programme entry requirements apply.  No pre-requisites or co-requisites apply. 
 

Module Content & Assessment

Indicative Content
Introduction to macroeconomic concepts and terminology
Measures of aggregate output and spending Measures of unemployment The price level and inflation Productivity and growth Contemporary global macroeconomic issues and trends
The aggregate model of the macro-economy
The short-run and long-run Phillips curve model Short run Aggregate demand and aggregate supply Business-cycle fluctuations Long run aggregate demand and aggregate supply and macroeconomic growth
Policy and macroeconomic management of the economy
Fiscal policy and its role in macroeconomic management Money creation and banking in the economy Monetary policy and its role in macroeconomic management Contemporary issues in Macroeconomic policy
International trade in the macro economy
Trading patterns The world trade system and the WTO Advantages and disadvantages of trade Globalization and multinational investment
Balance of Payments in the macro economy
The Balance of Payment account The role of the exchange rate Capital flows and the balance of payments Foreign exchange market equilibrium Fixed versus floating exchange rates Exchange rate policy and the effects on trade
Assessment Breakdown%
Coursework50.00%
End of Module Assessment50.00%

Assessments

Full Time

Coursework
Assessment Type: Project % of total: 50
Assessment Date: n/a Outcome addressed: 1,2,3,4
Non-Marked: No
Assessment Description:
Learners will be provided with a business scenario in which they must use their knowledge of key macroeconomic theories, supported by data and empirical analysis, to assess a firm’s external business conditions. Learners will be required to present data graphically using Excel and analyse it using statistical techniques, together with key macroeconomic theories covered on this module.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 50
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4
Non-Marked: No
Assessment Description:
An end of semester examination paper will be given which is two hours in duration, and will contain essay-style questions that will assess all the learning outcomes for the module. Marks will be awarded based on clarity, structure, relevant samples, depth of topic knowledge and evidence of outside core reading.
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.
Reassessment Description
Where a student achieves an overall average of 40% they are deemed to have passed the module. In circumstances where they do not achieve 40% overall, students will be afforded the opportunity to repeat failed element.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Classroom and demonstrations 30 Per Semester 2.50
Directed Learning Directed e-learning 30 Per Semester 2.50
Independent Learning Independent learning 65 Per Semester 5.42
Total Weekly Contact Hours 5.00
 

Module Resources

Recommended Book Resources
  • Blanchard O., Amighini A., Giavazzi F. (2021), Macroeconomics: A European Perspective, 4th ED. Pearson.
  • Sloman J. Garratt D. Guest J. and Jones E. (2019), Economics for Business, Pearson.
Supplementary Book Resources
  • Mankiw N.G. (2022), Macroeconomics, 11th ED. Macmillan learning.
  • Krugman P.R., Obstfeld, M., Melitz M.. (2018), International Economics: Theory and Policy, 11th Edition. Pearson.
  • Hubbard R.G. O'Brien A.P.. (2021), Macroeconomics, Global Edition, 8th ed. Pearson.
  • Farnham P.. (2015), Economics for Managers (Global edition), 3rd ED. Pearson.
This module does not have any article/paper resources
Other Resources
Discussion Note: