Kursussøgning, efter- og videreuddannelse – Københavns Universitet

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Kursussøgning, efter- og videreuddannelse

Macroeconomics 3 (MakØk3) - Business Cycles and Monetary Stabilization Policies

Practical information
Study year 2016/2017
Time
Block 2
Programme level Full Degree Master
ECTS 7,5 ECTS
Course responsible
  • Laura Sunder-Plassmann (22-73687c7968357a7c756b6c79347773687a7a74687575476c6a767535727c356b72)
  • Department of Mathematical Sciences
Course number: NMAK10018U

Course content

The classical Monetary Model. The Basic New-Keynesian Model. Monetary stabilization policy in the New Keynesian Model. Credibility issues in stabilization policy. Sticky wages and prices and stabilization policy. Applications: Unconventional monetary policy; fiscal policy at the zero lower bound.

Learning outcome

Knowledge within:

  • the scope and limits of macroeconomic stabilization policy with an emphasis on monetary policy
  • welfare rationales for stabilization policies.

Skills at:

  • understanding of the scope and limits of macroeconomic stabilization policy with an emphasis on monetary policy
  • solving simple versions of modern theoretical models of the business cycle
  • understanding the economic mechanisms at work in the mathematical models.

Competences to:

  • addressing real-life policy issues using the methods used in the course.

Recommended prerequisites

Makroøkonomi 1 (MakØk1) and Makroøkonomi 2 (MakØk2)

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Education

MSc programme in Mathematics-Economics

Studyboard

Study Board of Mathematics and Computer Science

Course type

Single subject courses (day)

Teacher

Økonomisk Institut

Duration

1 block

Schedulegroup

B
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Teaching and learning methods

6 hours of combined lecturing and exercises per week for 7 weeks.

Capacity

No limit.

Language

English

Workload

Category Hours
Lectures 42
Exam 3
Preparation 161
English 206

Exam

Type of assessment

Written examination, 3 hour under invigilation
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Aid

Without aids

Marking scale

7-point grading scale

Criteria for exam assessment

The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome.

Censorship form

External censorship

Re-exam

Same as ordinary

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