Undergraduate Course: Global Macro Investing (BUST10157)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 10 (Year 4 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | The purpose of this module is to enhance students' comprehension of global macro investing topics. The module is intended to provide an introduction to the theoretical framework of finance and macroeconomics, while also emphasizing recent developments in macro investment practices. Upon completing this module successfully, students are expected to possess a greater understanding of subjects such as the business cycle, monetary policy, financial market tail risks, and global capital flow. They will be acquainted with various approaches employed in investment practices, enabling them to develop practical investment expectations and independent investment perspectives. Additionally, they will have a more profound appreciation of how investment and capital flow impact society. |
| Course description |
The module's objective is to encompass both the theoretical and practical aspects of global macro investing. Its purpose is to facilitate students' comprehension of the primary macroeconomic forces driving global financial market fluctuations. Moreover, it will enable students to hone their critical thinking abilities, which are vital for effective investment decision-making. Lastly, students will become knowledgeable about the inherent risks and uncertainties inherent in the investment process and gain an appreciation of how investment can impact society.
Course Outline Content:
The tools and business environment associated with global macro investing.
The economic cycles affecting businesses and investments.
Long term trend in the world economy.
Central bank policies and global capital flow.
Black swan and grey rhino events.
Discretionary approach.
Systematic approach and data driven strategies.
High-frequency trading, CTAs, and other approaches.
The performance of global macro investing-empirical evidence.
Global macro investment and its impact on the society.
Student Learning Experience:
This module will adopt a topic-based approach, with a strong emphasis on independent learning. Students will receive reading materials ahead of and following each lecture, and the lectures will focus on specific aspects of the readings, helping students contextualize the materials. Due to the module's broad coverage of numerous topics, many of which lack definitive answers, the assessment will emphasize students' critical thinking and analytical abilities.
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Information for Visiting Students
| Pre-requisites | For 2023/24 no Visiting Students will be permitted to take the course. |
| High Demand Course? |
Yes |
Course Delivery Information
|
| Academic year 2024/25, Available to all students (SV1)
|
Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
176 )
|
| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
50% Essay (Individual) - 1500 words - Assesses ALL Learning Outcomes
50% Project report (Individual) - 1500 words - Assesses Learning Outcomes 1,2,3 |
| Feedback |
Formative: Students are strongly encouraged to obtain feedback by asking/answering questions.
Summative: Feedback will be provided on assessments within agreed deadlines. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Comprehend the global macro investing process.
- Identify the key drivers that impact global capital flow and financial market movement.
- Critically assess the opinions provided by practitioners and form independent perspectives on investment decisions.
- Recognise the risks and uncertainties inherent in the investment process.
- Appreciate the impact of global investment on society.
|
Reading List
Gliner, Global Macro Trading: Profiting in a New World Economy, 2014 ISBN 9781118420386
Mirabile, Kevin R, Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance ISBN 9781119210375 |
Additional Information
| Graduate Attributes and Skills |
Practice: Applied Knowledge, Skills and Understanding
After completing this course, students should be able to:
Work with a variety of organisations, their stakeholders, and the communities they serve - learning from
them, and aiding them to achieve responsible, sustainable and enterprising solutions to complex problems.
Communication, ICT, and Numeracy Skills
After completing this course, students should be able to:
Critically evaluate and present digital and other sources, research methods, data and information; discern
their limitations, accuracy, validity, reliability and suitability; and apply responsibly in a wide variety of
organisational contexts.
Cognitive Skills
After completing this course, students should be able to:
Be self-motivated; curious; show initiative; set, achieve and surpass goals; as well as demonstrating
adaptability, capable of handling complexity and ambiguity, with a willingness to learn; as well as being able to
demonstrate the use digital and other tools to carry out tasks effectively, productively, and with attention to
quality.
Knowledge and Understanding
After completing this course, students should be able to:
Demonstrate a thorough knowledge and understanding of contemporary organisational disciplines;
comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary
and secondary research and sources of evidence in order to make, and present, well informed and transparent
organisation-related decisions, which have a positive global impact.
Identify, define and analyse theoretical and applied business and management problems, and develop
approaches, informed by an understanding of appropriate quantitative and/or qualitative techniques, to explore
and solve them responsibly. |
| Keywords | Macro Investment,Financial Market,Cross Border Capital Flow |
Contacts
| Course organiser | Dr Chao Yin
Tel:
Email: Chao.Yin@ed.ac.uk |
Course secretary | Mr Pete Park
Tel:
Email: Pete.Park@ed.ac.uk |
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