Global Macroeconomics - BUSI97751
Macro Finance - BUSI97071
The course introduces a framework for thinking about how macroeconomics affects the business environment, in particular the factors that drive long run economic growth and shorter-run business cycles.
Particular emphasis will be given to the role of monetary and fiscal policy in determining the macroeconomic environment, and by implication, asset prices.
One objective of the course is for students to gain an understanding of the empirical properties of financial asset prices (interest rates, stock market valuations, exchange rates and housing prices) over the business cycle. Quantitative techniques are used to analyse these issues including structural VARs (Vector Autoregressions).