Current active course description (last updated 2019/20)
Macro Economics and Financial Markets
EK351E
Current active course description (last updated 2019/20)
Macro Economics and Financial Markets
EK351E
The financial crisis has clearly shown how the economy is influenced by events in financial markets. Banking and financial industrys behaviour and credit operations are by many singled out as an explanation of the financial crisis. In this course we study in more detail how activities in financial markets - including the money market, the foreign exchange market, the bond market, the equity market and the markets for derivatives - affect macroeconomic variables such as employment, interest rates and business-cycle movements. We study how the structure of public and private debt can throw a nation into significant macro-economic problems. We will also examine how central bank behaviour through monetary policy and regulation affects conditions in the financial markets and especially the pricing of various financial instruments.
Students must fulfill the requirements for admission to the two-year Master of Science in Business programme.
Upon successful completion of the course the candidate should:
- Have gained a deeper understanding of how financial markets work.
- Have gained an understanding of how the different financial instruments are priced,
- Have gained an understanding of how the trade-off between risk and return manage behaviour in these markets
- Understand how the authorities through the central bank's monetary policy and financial markets regulations affect the risk and return in these markets
- Be able to explain how activity in these markets affects macroeconomic variables such as interest rates, exchange rates and employment. And why the authorities are so concerned with stable and well- functioning financial markets. Will specifically look at how the crises in financial markets can start and reinforce business-cycles problems.
No costs except semester registration fee and syllabus literature.
Main profile, elective
Lectures, assignments, seminars
The study programme is evaluated annually by students by way of course evaluation studies (mid-term evaluation and final evaluation). These evaluations are included in the university's quality assurance system.
Due to the Covid-19 epedemic, a number of assessments and exams at Nord University has been changed.
Changes are made in accordance with the Temporary Regulations on Supplements to Regulation 31/01/2019 no. 63: Concerning Studies and Examinations at Nord University - Extraordinary Measures as a Result of the Coronavirus Epidemic- according to §2 of the Corona Epidemic, Assessment Methods, Sections 1-3
To accommodate this, the form of assessment will be changed from Written School examination to Take -home Examination on this course in the spring of 2020.
Pen, pencil, ruler, bilingual dictionary and simple calculator.
None