Macroeconomics III (p)
Course content
The teaching in this course may be changed to be taught either fully or partly online due to COVID-19. For further information, see the course room on Absalon. The time, place and type of assessment used for the exam may also be changed due to COVID-19, and any further information will be announced under the panel “Exam”.
This course aims at providing insight into the basic models, concepts, methods and results of modern macroeconomics and to be a prerequisite for the more specialized macroeconomic courses. We will study what determines savings and capital accumulation in a general equilibrium framework. How taxes and public debt affect the economy. The effects of uncertainty and expectations, in particular how stabilization policy is affected by the way expectations are formed. Political limits to fiscal and monetary policy are analyzed.
MSc programme in Economics – mandatory course at first semester - if not taken at the BSc programme in Economics
Bacheloruddannelsen i økonomi – Prioriteret valgfag på 3. år (angivet med et p)
The Danish BSc programme in Economics - prioritized elective at the 3rd year (symbolized by ‘p’).
After completing the course the student is expected to be able to:
Knowledge:
- Account for the basic models, concepts, methods and results of modern dynamic macroeconomic analysis.
- Identify and discuss how shocks propagate in the economy.
Skills:
- Analyze the role of expectations and dynamic linkages.
- Analyze a macroeconomic problem, where the above‐mentioned concepts and methods are central.
- Apply the models and explain in economic terms the results and implications and how they derive from the assumptions of the model.
Competencies:
- Manage the topics, tools and theories learned during the course and be proficient in the application of the concepts and methods which then can be used in other courses or in a future job after graduation.
The teaching will consist of lectures, as well as exercise classes.
Bibliography:
- Niepelt D., 2018, “Macroeconomic Models”, pre-print.
- Romer D., 2012, “Advanced Macroeconomics”, 4th edition, McGraw-Hill.
- Blanchard O. and S. Fischer, 1989, “Lectures on Macroeconomics”, MIT Press.
- Persson T. and G. Tabellini, 2000, “Political Economics”, MIT Press.
- Christiano L., 2011, “Remarks on Unconventional Monetary Policy”, International Journal of Central Banking.
- Gonzalez-Eiras M. and D. Niepelt, 2008, “The future of social security”, Journal of Monetary Economics.
The course requires knowledge equivalent to that achieved in Macroeconomics I, Macroeconomics II, "Probability theory and statistics" (Sandsynlighedsteori og statistik) and Econometrics I at the Bachelor of Economics, University of Copenhagen.
Schedule:
Autumn 2020
2 hours lectures 1 to 2 times a week from week 36 to 50 (except
week 42).
3 hours exercise classes a week from week 36/37 to 50 (except week
42).
Spring 2021:
3 hours lectures a week from week 6 to 20 (except holidays).
3 hours exercise classes a week from week 6/7 to 20/21 (except
holidays).
The overall schema for the BA 3rd year and Master can be seen at
KUnet:
MSc in Economics => "courses and teaching" =>
"Planning and overview" => "Your timetable"
BA i Økonomi/KA i Økonomi => "Kurser og undervisning"
=> "Planlægning og overblik" => "Dit
skema"
Timetable and venue:
To see the time and location of lectures and exercise classes
please press the link/links under "Timetable"/"Se
skema" at the right side of this page (E means Autumn, F means
Spring). The lectures are shown in each link.
You can find the similar information in English at
https://skema.ku.dk/ku2021/uk/module.htm
-Select Department: “2200-Økonomisk Institut” (and wait for
respond)
-Select Module:: “2200-E20; [Name of course]” or “2200-F21; [Name
of course]”
-Select Report Type: “List – Weekdays”
-Select Period: “Efterår/Autumn – Weeks 31-4” or “Forår/Spring –
Week 5-30”
Press: “ View Timetable”
Please be aware regarding exercise classes:
- The schedule of the exercise classes is only a pre-planned
schedule and can be changed until just before the teaching begins
without the participants´ acceptance. If this happens it will be
informed at the links in the right side, in the app myUCPH and at
your personal schema at KUnet.
- That the study administration allocates the students to the
exercise classes according to the principles stated in the KUnet.
- If too many students have wished a specific class, students will
be registered randomly at another class.
- It is not possible to change class after the second registration
period has expired.
- If there is not enough registered students or available teachers,
the exercise classes may be jointed.
- The student is not allowed to participate in an exercise class
not registered, because the room has only seats for the amount of
registered student.
- The teacher of the exercise class cannot correct assignments from
other students than the registered students in the exercise class
except with group work across the classes.
- That all exercise classes will be taught in English.
- That it is the students´s own responsibility to continuously
update themselves about their studies, their teaching, their
schedule, their exams etc. through the study pages, the course
description, the Digital Exam portal, Absalon, KUnet, myUCPH app,
the curriculum etc.
The students receive individual feedback at their mandatory assignments from the teaching assistants.
The lecturer gives collective oral feedback in the lectures.
For enrolled students: Registration, information, rules etc: Master(UK), Master(DK) and Bachelor(DK)
For foreign students: Admission requirements, registration etc: Study Economics. Please read the curriculum before enrolment.
For gæste- og enkelfagsstuderende: Tilmelding via Uddannelse i Økonomi.
Læs venligst studieordningen og uddannelsen inden tilmelding.
- ECTS
- 7,5 ECTS
- Type of assessment
-
Written assignment, 4 hoursDue to the Corona crisis, the Board of Study has decided to change the regular exams and the re-sit exams in the autumn semester to written online take-home exams. Both exams are still individual.
During the exam, it is not allowed to communicate with others about the exam assignment nor the solution at all. It is also prohibited to distribute data regarding the solutions to anyone. If this or alike actions happens, it will be regarded as cheating and plagiarism.
Please read more at
- https://kunet.ku.dk/newsroom/study-messages/Pages/Information-about-the-winter-exams-at-the-Department-of-Economics.aspx
- https://kunet.ku.dk/newsroom/study-messages/Pages/Information-on-rescheduled-PBV-winter-exams-.aspx
___ - Aid
- All aids allowed
__
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
for the written exam. The exam may be chosen for external censorship by random check.
__
Criteria for exam assessment
Students are assessed on the extent to which they master the learning outcome for the course.
To receive the top grade, the student must with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material and can make use of the knowledge, skills and competencies listed in the learning outcomes.
- ECTS
- 7,5 ECTS
- Type of assessment
-
Written examination, 3 hours under invigilationin the exam venues of the university.
The exam assignment is in English and must be answered in English.
In the event that this summer's exams have to be conducted as online exams due to COVID-19, the exam form will be a 4 H take-home exam with aids. The reexam will be the same as the rescheduled ordinary exam, but possibly online orally if only few students register.
__ - Aid
- Without aids
to the written exam.
In case of an oral reexam, please go to the section "Reexam" for further information about allowed aids.
__
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
for the written exam. The exam may be chosen for external censorship by random check.
__
Criteria for exam assessment
Students are assessed on the extent to which they master the learning outcome for the course.
To receive the top grade, the student must with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material and can make use of the knowledge, skills and competencies listed in the learning outcomes.
Single subject courses (day)
- Category
- Hours
- Lectures
- 42
- Class Instruction
- 42
- Preparation
- 119
- Exam
- 3
- English
- 206
Kursusinformation
- Language
- English
- Course number
- AØKA08006U
- ECTS
- See exam description
- Programme level
- Full Degree Master
Bachelor
- Duration
-
1 semester
- Price
-
Information about admission and tuition fee: Master and Exchange Programme, credit students and guest students (Open University)
- Schedulegroup
-
and venue:
Go to "Remarks".
Exam and re-sits: Go to "Exam". - Studyboard
- Department of Economics, Study Council
Contracting department
- Department of Economics
Contracting faculty
- Faculty of Social Sciences
Course Coordinators
- Martin Gonzalez Eiras
(3-716b694469677372326f7932686f)
Spring - Emiliano Santoro
(16-6a726e716e6673743378667379747774456a68747333707a336970)
Autumn
Teacher
See 'Course Coordinators'
Teachers of exercise classes:
Autumn 2020:
Exercise class 1: Martha Luise Lahann
Exercise class 2: Viktor Andreas von Hausen Sadolin
Exercise class 3: Martha Luise Lahann
Exercise class 4: Jeppe Lund Dinsen
Exercise class 5: Viktor Bluhme Jeppesen
Exercise class 6: Niels Søndergaard Lauritzen
Exercise class 7: Niels Søndergaard Lauritzen
Spring 2021:
Ex. class 2+3: Anna-Maria Kyritsaki
The schedule of the exercise classes can be changed up to the start
of the semester.
Please read "Remarks"
Are you BA- or KA-student?
Courseinformation of students