Block 1
Unemployment
Micro-founded labour-market models and evidence.
- Theories of unemployment
- Efficiency wage framework
- Shapiro-Stiglitz model
- Contracting approaches
- Search and matching models
- Empirical applications
Core Module · 2026
Macroeconomics
Saïd Business School · MSc Financial Economics
Macroeconomics is taught as part of the core Economics module in the MSc Financial Economics at Oxford Saïd Business School. This public page offers a concise course map. Slides, recordings, and assessments are managed through Canvas.
Course Topics
Block 2
Budget Deficits & Fiscal Policy
Fiscal dynamics, debt policy, and macro stabilisation.
- Government budget constraint
- Ricardian equivalence: theory and evidence
- Tax smoothing
- Debt accumulation and stabilisation
- Political economy of public debt
- Costs of debt and debt-crisis mechanisms
Block 3
Financial Markets & Crises
Financial frictions, crisis transmission, and macro effects.
- Perfect financial markets benchmark
- Agency costs and the financial accelerator
- Cash-flow and investment evidence
- Mispricing and excess volatility
- Diamond-Dybvig banking model and contagion
- Micro evidence on macro effects of crises
Materials & Access
For Students
Teaching files, assignment deadlines, recordings, and submission workflows are published on Canvas. Canvas is the operational course platform.
For External Readers
This page provides a compact topic map and module framing. Public-facing links to selected slides, derivations, and notes can be added later.