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Studiegids

nl en

Macro- and Monetary Economics and Policy

Vak
2017-2018

Course requirements

Master degree in Law. This course is part of the Advanced Master Law and Finance.

More information: https://www.universiteitleiden.nl/en/education/study-programmes/master/law-and-finance

Course information

Purpose of this course is to introduce students to the key concepts of macroeconomic and monetary theory. Knowledge of these concepts is necessary to understand the impact of macroeconomic factors on financial markets and financial instruments because modern financial markets regulation is closely linked to macroeconomic drivers and monetary policy. This became even more obvious in the aftermath of the recent worldwide financial crisis and the impact it had on sovereign debt (i.e. debt instruments issued by governments). Topics include an introduction to the neoclassical and Keynesian macroeconomic models, economic growth models, the function of money, monetary policy objectives and strategies, and the anatomy of the financial crisis.

Course learning objectives

After completing this course, the student will:

  • have acquiring a basic working knowledge of macroeconomic theory and policy;

  • have gained insight in key economic drivers;

  • have acquired basic knowledge in international macroeconomics;

  • demonstrate an understanding the role and operation of financial markets and financial institutions from a macroeconomic perspective;

  • be able to apply macroeconomic theory to issues related to corporations, individuals, nations and trade blocks;

  • be able to explain the operation of financial markets and financial institutions;

  • and be able to analyse the marcoeconomic environment in which the students and their future employers will operate.

Mode of instruction

Lectures

  • Number of (2 hour) lectures: 5

  • Name of lecturer: Dr. Zouheir El-Sahli

  • Required preparation by students: reading of prescribed materials

Seminars

  • Number of (2 hour) seminars: 5

  • Name of instructor: Dr. Zouheir El-Sahli

  • Required preparations by students: reading of prescribed materials, preparation of case studies and exercises among other things. Attendence is mandatory.

Examination method

  • Assignment: 30%

  • Final exam: 70%

The assignment will take the form of a group project relating to one or more subjects discussed during the course.

The final exam will cover all the material delivered during the lectures and the seminars. Information about the exam will be given to the students closer to the exam date.

The final grade, on the scale from 1(poor) to 10 (excellent), for the course is established by determining the weighted average and rounded to full grades. Grade 6 (5.5 rounded) is a pass.

The opportunity exists to re-take the exam. Further information will be communicated through Blackboard.

Blackboard

Course reader and additional literature is distributed through Blackboard.

Submission of papers via Blackboard using safe assignment.

Course materials

In order to prepare for this course, students are encouraged to read and practice the following:

  • Introduction to Macroeconomics, Supplementary Notes by Zouheir El-Sahli (will be posted
    on Blackboard)

  • A Math Refresher, Blanchard, Macroeconomics, 7th edition, Appendix 2, pages A7-A11.

Required reading:
Olivier Blancard (2017) Macroeconomics. 7th Edition. Pearson.

Additional literature will be made available to students through Blackboard.

Course reader is available to be downloaded from Blackboard.

Contact

Course Coordinator:
Dr. Zouheir El-Sahli
Email address: z.el-sahli@law.leidenuniv.nl

Programme Coordinator:
Ms. Orsolya Kalsbeek-Bagdi
Email address: lawandfinance@law.leidenuniv.nl

Remarks

In order to prepare for this course, students are encouraged to read and practice the following:

  • Introduction to Macroeconomics, Supplementary Notes by Zouheir El-Sahli (will be posted
    on Blackboard)

  • A Math Refresher, Blanchard, Macroeconomics, 7th edition, Appendix 2, pages A7-A11.