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Studiegids

nl en

Macro- and Monetary Economics and Policy

Vak
2019-2020

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 measure of income, the function of money, monetary policy objectives and strategies, the basic macro-economic policies and the anatomy of the financial crisis.

Course learning objectives

After completing this course, the student will:

  • have acquired 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 of the role and operation of financial markets and financial institutions from a macroeconomic perspective;

  • 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: Dr. Joop de Kort

  • The course uses a variety of teaching methods: interactive lecturing, assignments, student presentations and class debate.

Examination method

  • Final exam: 70%

  • Class assignments: 15%

  • Term paper: 15%

The Final Exam will cover all the material delivered during the lectures and the seminars.

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

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, term paper and final exam and rounded to full grades. Grade 6 (5.5 rounded) is a pass.

Blackboard

Course reader and additional literature is distributed through Blackboard.

Submission of papers via Blackboard using Turnitin Assignment.

Course materials

Required reading:

  • N. Gregory Mankiw, Macroeconomics, 10th edition, 2019, Macmillan international higher education (isbn-13: 978-1-319-24358-6)

  • A reader with additional literature

Course reader will be available to be downloaded from Blackboard.

Contact

Course Coordinator:
Joop de Kort
Email address: j.f.dekort@law.leidenuniv.nl

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