Macroeconomics for Financial Mathematicians - MAST5006

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2022 to 2023
Autumn Term 5 15 (7.5) Melania Nica checkmark-circle


The aim of this module is to introduce students to a set of tools that they can use to analyse macroeconomic issues in the short run and long run, and to help them understand which modelling techniques are appropriate for particular macroeconomic problems.

This module enhances the students' ability to understand the determinants of key macroeconomic variables including output, inflation, interest rates and exchange rates. Students’ technical skills are developed and they are expected to apply their knowledge to real-world policymaking and link it to financial issues.


Contact hours

Total contact hours: 42
Private study hours: 108
Total study hours: 150

Method of assessment

80% examination, 20% coursework

Indicative reading

Blanchard, Olivier, and David R. Johnson. Macroeconomics. 6th edition. Pearson, 2012.
N. Gregory Mankiw, Macroeconomics. 9th edition, Worth Publishers, 2015

See the library reading list for this module (Canterbury)

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
1 demonstrate knowledge and critical understanding of the well-established principles within macroeconomic theory;
2 demonstrate the capability to use a range of established techniques and a reasonable level of skill in calculation and manipulation of the material to solve problems in the
following areas: basic macroeconomic concepts, understanding of macroeconomics models and macroeconomic policy;
3 apply the concepts and principles in macroeconomic theory in well-defined contexts beyond those in which they were first studied, showing the ability to evaluate critically the appropriateness of different tools and techniques.

The intended generic learning outcomes.
On successfully completing the module students will be able to:
Demonstrate an increased ability to:
1 manage their own learning and make use of appropriate resources;
2 understand logical arguments, identifying the assumptions made and the conclusions drawn;
3 communicate straightforward arguments and conclusions reasonably accurately and clearly;
4 manage their time and use their organisational skills to plan and implement efficient and effective modes of working;
5 solve problems relating to qualitative and quantitative information;
6 make use of information technology skills such as online resources (moodle), internet communication;
7 communicate technical material competently;
8 demonstrate an increased level of skill in numeracy and computation.


  1. Credit level 5. Intermediate level module usually taken in Stage 2 of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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