Macroeconomics 3 (MakØk3) - Business Cycles and Monetary Stabilization Policies
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.
Education
MSc Programme in Mathematics-Economics
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.
Teaching and learning
methods
6 hours of combined lecturing and exercises per week for 7 weeks.
Recommended
prerequisites
Makroøkonomi 1 (MakØk1) and Makroøkonomi 2 (MakØk2)
Exam
- ECTS
- 7,5 ECTS
- Type of assessment
-
Written examination, 3 hours under invigilation---
- Aid
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
Criteria for exam assessment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome.
Course type
Single subject courses (day)
Workload
- Category
- Hours
- Lectures
- 42
- Exam
- 3
- Preparation
- 161
- English
- 206
Kursusinformation
- Language
- English
- Course number
- NMAK10018U
- ECTS
- 7,5 ECTS
- Programme level
- Full Degree Master
- Duration
-
1 block
- Schedulegroup
-
B
- Capacity
- No limit.
- Studyboard
- Study Board of Mathematics and Computer Science
- Department of Mathematical Sciences
Course Coordinator
- Laura Sunder-Plassmann (22-6f647875643176787167687530736f647676706471714368667271316e7831676e)
Saved on the
08-03-2017
Er du BA- eller KA-studerende?
Er du bachelor- eller kandidat-studerende, så find dette kursus i kursusbasen for studerende:
Kursusinformation for indskrevne studerende
Kursusinformation for indskrevne studerende