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.

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

Makroøkonomi 1 (MakØk1) and Makroøkonomi 2 (MakØk2)

ECTS
7,5 ECTS
Type of assessment
Written examination, 3 hours under invigilation
The course has been selected for ITX exam on Peter Bangs Vej.
Aid
Without aids

The University will make computers and power available to students taking written exams with invigilation in the University’s building on Peter Bangs Vej 36 (ITX). These students are therefore not permitted to bring their own computers, tablets or mobile phones. If textbooks and/or notes are permitted at a given exam, these must be in paper format or on a USB flash drive.

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.

Single subject courses (day)

  • Category
  • Hours
  • Lectures
  • 42
  • Exam
  • 3
  • Preparation
  • 161
  • English
  • 206