Macroeconomics for Business

• Credit value: 15 credits at Level 5
• Convenor and tutor: Dr Luca Andriani
• Assessment: a two-hour examination (100%)

In this module we analyse the most useful and relevant topics in macroeconomics for business decision-making. We will cover the following basic concepts of managerial economics from macroeconomic perspectives:

• Business cycle
• Balance of payment and national account identity
• Exchange rate and purchasing power parity
• Monetary policy
• Fiscal policy
• Credit market under asymmetric information

By the end of this module, you will:

• appreciate the practical utility of modern macroeconomic tools to identify and implement appropriate business strategies in a given situation
• be able to apply economic theory to specific macroeconomic scenarios
• be able to demonstrate widely transferable analytical and critical-thinking skills.