Accessibility statement

Macro Finance - ECO00101M

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  • Department: Economics and Related Studies
  • Credit value: 20 credits
  • Credit level: M
  • Academic year of delivery: 2023-24

Module summary

This module examines the interaction between the behaviour of the macro economy and financial markets including consumption-based asset pricing and monetary policy impacts on the term structure of interest rates.

Module will run

Occurrence Teaching period
A Semester 2 2023-24

Module aims

This module focuses on the relationship between the macro economy and financial markets. Amongst the key topics, the module examines how well models of the preferences of consumers and investors can be used to explain the behaviour of asset prices. It also explores the relationship between inflation, monetary policy and the term structure of interest rates.

Module learning outcomes

By the end of this module, students should be able to:

  • Understand how well models of investor preferences can explain the behaviour of asset prices.

  • Appreciate the importance of both theoretical and empirical developments in this field.

Indicative assessment

Task % of module mark
Closed/in-person Exam (Centrally scheduled) 70
Essay/coursework 30

Special assessment rules

None

Indicative reassessment

Task % of module mark
Closed/in-person Exam (Centrally scheduled) 70

Module feedback

Feedback will be provided via the online VLE either written or recorded.

Indicative reading

Cuthbertson, K. and D. Nitzsche, Quantitative Financial Economics, second edition, Wiley, London, 2005.

Mishkin, R., Economics of Money, Banking and Financial Markets, 13th edition, Pearson, London, 2021.


The information on this page is indicative of the module that is currently on offer. The University constantly explores ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary. In some instances it may be appropriate for the University to notify and consult with affected students about module changes in accordance with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.