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International Macroeconomics - ECO00028M

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  • Department: Economics and Related Studies
  • Module co-ordinator: Prof. Gulcin Ozkan
  • Credit value: 10 credits
  • Credit level: M
  • Academic year of delivery: 2017-18

Module will run

Occurrence Teaching cycle
A Spring Term 2017-18

Module aims

The aims of this module are:

to address important policy questions relevant for open economies

to establish a sufficient level of knowledge to allow students to pursue their own research in the area of open economy macroeconomics.

Module learning outcomes

This module will be made up of two sections; international trade and international finance. The first part of the module will deal with the base of trade across developed countries (North-to-North trade) and between developed and developing countries (North-to-South trade) both from a theoretical and an empirical perspective. The second part will be devoted to the dynamics of international financial transactions. After successfully completing this module students will gain a better understanding of the determinants of the flow of goods across countries, the sources of exchange rate behaviour, underlying determinants of current account, the main features of the functioning of international financial markets, capital flows and portfolio diversification.


Task Length % of module mark
University - closed examination
International Macroeconomics
2 hours 100

Special assessment rules



Task Length % of module mark
University - closed examination
International Macroeconomics
2 hours 100

Module feedback

Information currently unavailable

Indicative reading

There is no single text which covers all the topics adequately. The following texts will be used most frequently throughout the module.

Feenstra, R., Advanced International Trade: Theory and Evidence, Princeton, NJ: Princeton University Press, 2003.

Obstfeld, M. and K. Rogoff. Foundations of International Macroeconomics, MIT Press, 1996.

Krugman, P., Obstfeld, M., and M. Melitz, International Economics. Theory and Policy, Pearson 9th Edition

Additional materials will be handed out in class.

The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.