Macroeconomic Policy and Analysis

Code

BUSI2081

School

Nottingham University Business School

Level

2

Credits

10

Semesters

Autumn Malaysia

Summary

Topics covered will include:

a)International Trade: Reasons for trade and explanation of trade patterns; the gain accruing from trade. these are core areas and call for extensive coverage. Adjacent to this core are a number of specific issues which must also be studied: increasing returns and trade; international factor movements; income distribution and trade; economic integration; multinational enterprises; 'North-South' issues;

b)International monetary economics: Balance of payments accounts; alternative concepts of surplus or deficit; identities which link a surplus/deficit with national income/expenditure aggregates and with money stock; financing of deficit; spot and forward markets; pegged, floating and discretionary intervention regimes; trade weighted and 'real' exchange rates; exchange rate stability: the Marshall-Lerner condition; exchange rate stability: the role of speculators; puchasing power parity hypothesis. Issues associated with the EMS, the IMF and, in general, with international menetary relations are also included in the module; and

c)Economic of Development: Concepts and measurements of economic development and the characteristics of developing countries; models of growth and development (Harrod-Dormar, Neoclassical model and growth accounting, Lewis dual sector, endogenous growth and their variants); growth and trade.
 

Target Students

Available to all Part I or Part IIBusiness School students with the required pre-requisite(BUSI1105 Business Economics or BUSI1106 Economic Principles or BUSI1107 Introduction to Economics) OR BUSI1049 Microeconomics for Business AAND(BUSI2092 Contemporary Economic Policy or BUSI1060 Macroeconomics for Business).

Co-requisites

Modules you must take in the same academic year, or have taken in a previous year, to enrol in this module:

• Contemporary Economic Policy (BUSI2092)

Classes

• One 1-hour seminar each week for 4 weeks
• One 2-hour lecture each week for 10 weeks

Ten 2-hour lectures and four 1-hour tutorials per semester.

Assessment

• 30% Coursework 1: One individual assignment of 1500 words
• 70% Exam 1 (1-hour-30-minute): One 1.5-hour examination

Assessed by end of autumn semester

Educational Aims

Learning Outcomes

Knowledge and understanding

This module develops a knowledge and understanding of:

• The development and operation of markets for resources, goods and services.
• The management of resources and operations.
• The development of appropriate business policies and strategies to meet stakeholder needs within a changing environment.
• A range of contemporary and pervasive business and management issues including (at the time of writing) business innovation, e-commerce, creativity and enterprise, knowledge management, sustainability, globalization, business ethics, values and norms. Intellectual skills
  This module develops:
• The cognitive skills of critical thinking, analysis and synthesis, including the ability to identify assumptions, evaluate statements in terms of evidence, to detect false logic or reasoning, to identify implicit values, and to define terms adequately and to generalise appropriately.
• Effective qualitative problem solving and decision was making skills.
• The ability to create, evaluate and access a range of options, together with the capacity to apply ideas and knowledge to a range of business and other situations.

Professional practical skills

This module develops:

• Qualitative skills including the ability to work with case studies.
• Self awareness, openness and sensitivity to diversity in terms of people, cultures, business and management issues.
• The ability to conduct research into business and management issues, either individually or as part of a team, including a familiarity with a range of business data and research resources and appropriate methodologies. Transferable (key) skills
  This module develops:
• Effective oral and written communication skills in a range of traditional and electronic media.
• Effective self-management in terms of time, planning and behaviour, motivation, self-starting, individual initiative and enterprise.
• Learning to learn and developing an appetite for reflective, adaptive and collaborative learning.

Conveners

• Dr Wye Leong Roy Khong