School of Business and Management

BUSM041 International Macroeconomics and Finance

BUSM041 International Macroeconomics and Finance


1 (2017/18)

Module organiser

Keith Pilbeam


This module offers a broad overview of international monetary economics and finance and applies to to gaining an understanding of recent events and current policy issues. The theory presented in this course covers a broad range of topics including exchange rate determination, monetary and fiscal policy in an open economy and an introduction to financial markets and institutions.  Money, financial markets and institutions affect everyday life, involve huge flows of funds, influence business profits, the production of goods and services and the economic well-being of almost every single country.  The insights provided by these theoretical frameworks will enable the class to discuss topics related to financial markets such as the single currency in Europe.

Learning outcomes

By the end of the module, you should:

  • comprehend how financial markets, financial institutions and monetary policy work
  • understand why your everyday life is affected
  • understand how business profits, the production of goods and services and the well being of countries are affected
  • understand how and why financial crises develop

Key texts

  • Brigitte Granville, Remembering Inflation, (Princeton: Princeton University Press, 2013)
  • Frederic S. Mishkin, The Economics of Money, Banking and Financial Markets, latest  edition, London: Pearson


70% Exam and 30% Coursework: Group Presentation