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Macro- and Monetary Economics and Policy


Course requirements

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

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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 & Seminars:

  • Number of (2 hour) lecture & seminars: 10

  • Names of lecturers: Bob Alberts

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

Examination method

  • Assignment: 30%

  • Final exam: 70%

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

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.

Further information about the assignment and the exam will be communicated to students through Blackboard closer to the due date and exam date.


Course reader and additional literature is distributed through Blackboard.

Submission of papers via Blackboard using safe assignment.

Course materials

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.


Course Coordinator:
Bob J.L. Alberts Msc
Email address:

Programme Coordinator:
Ms. Orsolya Kalsbeek-Bagdi
Email address: