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
The purpose of this course is to introduce students to the key concepts of macro-economic and monetary theory. Knowledge of these concepts is necessary to understand the impact of macro-economic factors on financial markets and financial instruments because modern financial markets regulation is closely linked to macro-economic drivers and monetary policy. Topics include an introduction to the measure of income, the function of money, monetary policy objectives and strategies, the basic macro-economic policies and alternatives to measure wealth for a sustainable future.
Course learning objectives
Upon successful completion of this course, students are able to:
explain and apply macro-economic theories and their impact on corporations, individuals, nations and trade blocks;
explain the operation of financial markets and financial institutions;
analyse the macro-economic environment in which they will operate;
write and comment on a blogpost relating to one of the subjects discussed during the course.
Mode of instruction
This course is taught in a class room setting with mandatory class attendance.
The course uses a variety of teaching methods: interactive lecturing, assignments, student presentations and class debate.
Lectures & Seminars
Number of weeks: 5
Number of (2 hour) lecture & seminars: 10
Names of lecturer: Joop de Kort
Required preparation by students: reading and viewing of prescribed materials, preparation of case studies and any other assignments.
Examination method
The assessment of this course is based on the following elements:
a. Final written exam (75%). The final exam consists of open questions. The questions will be based on the literature and the materials that are discussed in class.
b. Two blogposts and three comments to blogs (15 % and 10%). For the topics indicated in the weekly overview, assigned students are expected to write a blogpost (300-400 words) in which the topic is discussed using material from the course and other economic arguments. Other students will write comments and thus open up a discussion (100-200 words) .
Further information about the assignments, and the exam will be communicated to students through Brightspace 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.
Brightspace
Course reader and additional literature is distributed through Brightspace.
Submission of papers via Brightspace using Turnitin.
Course materials
Davidson, Lawrence, Andreas Hausknecht, Jurgen von Hagen, Macroeconomics for Business, the manager’s way of understanding the global economy, Cambridge University Press, 2020
A reader with additional literature will be available on Brightspace.
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
Disclaimer: Should there be any future extenuating circumstances which may impinge our teaching and assessment, these could necessitate modification of the course descriptions after 1 September. This will only happen in the event of strict necessity and the interests of the students will be taken into account. Should there be a need for any change during the course, this will be informed to all students on a timely basis. Modifications after 1 September 2023 may only be done with the approval and consent of the Faculty Board and Programme Director.