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Macro- and Monetary Economics and Policy


Course requirements

Master degree in Law. This course is part of the Advanced Master Law and Finance.

More information:

Course information

The purpose of this course is to introduce students to the key concepts of macro-economic and monetary theory. Knowledge of these concepts is necessary to understand the impact of macro-economic factors on financial markets and financial instruments because modern financial markets regulation is closely linked to macro-economic drivers and monetary policy. This became even more obvious in the aftermath of the recent worldwide financial crisis and the impact it had on sovereign debt (i.e. debt instruments issued by governments). Topics include an introduction to the measure of income, the function of money, monetary policy objectives and strategies, the basic macro-economic policies and the anatomy of the financial crisis.

Course learning objectives

Upon successful completion of this course, students are able to:

  • explain and apply macro-economic theories and their impact on corporations, individuals, nations and trade blocks;

  • explain the operation of financial markets and financial institutions;

  • analyse the macro-economic environment in which they will operate;

  • write an academic paper relating to one of the subjects discussed during the course.

Mode of instruction

The course will be conducted online, with a mixture of recorded ‘knowledge clips’ and live sessions in Kaltura. An online platform will be created to discuss questions and topical matters. The online platform will also be used to post the required assignment and reviews.

Lectures & Seminars

  • Number of weeks: 5

  • Number of (2 hour) lecture & seminars: 10

  • Names of lecturer: Joop de Kort

  • Required preparation by students: reading and viewing of prescribed materials, preparation of case studies and any other assignments.

Examination method

The assessment of this course is based on three elements:

a. Final written exam (70%). The final exam consists of open questions. The questions will be based on the literature and the materials that are discussed in class.
b. One written assignment and one peer review (10 % and 5%). For the topics indicated in the weekly overview, assigned students are expected to write a two-page (500-750 words) brief in which the topic is discussed using material from the course and other economic arguments. (A failure to submit before the deadline will result in a zero score.) Another student will write a short peer review of the assignment (250 – 400 words (half a page) the brief.
c. Term paper, 1,500 -2,000 words (15%)

Further information about the assignments, term paper and the exam will be communicated to students through Brightspace closer to the due date and exam date.

The final grade, on the scale from 1 (poor) to 10 (outstanding), for the course is established by determining the weighted average of the assignment, term paper and final exam and rounded to full grades. Grade 6 (5.5 rounded) is a pass.


Course reader and additional literature is distributed through Brightspace.

Submission of papers via Brightspace using Turnitin Assignment.

Course materials

Davidson, Lawrence, Andreas Hausknecht, Jurgen von Hagen, Macroeconomics for Business, the manager’s way of understanding the global economy, Cambridge University Press, 2020

A reader with additional literature will be available on Brightspace.


Course Coordinator:
Joop de Kort
Email address:

Programme Coordinator:
Ms. Orsolya Kalsbeek-Bagdi
Email address:

Disclaimer: This course has been updated to the best of our knowledge at the current time of publishing. Due to the Covid-19 pandemic and the fluctuating changes in lock down regulations all information contained within this course description are subject to change up to 1 September 2020.
Due to the uncertainty of the Covid-19 virus after 1 September 2020, changes to the course description can only be made in the event of strict necessity and only in the circumstances where the interests of the students are not impinged. Should there be a need for any change during the duration of the course, this will be informed to all students on a timely basis and will not be to the prejudice of students. Modifications after 1 September 2020 may only be done with the approval and consent of the Faculty Board.