Seminar: Topics in Macroeconomic Aspects of Financial Frictions (F)

Course content

In this seminar students have to analyze recent theoretical and empirical studies of macroeconomic phenomena for which financial frictions are essential.

Education

MSc programme in Economics

The course is a part of the financial line, signified by (F)

 

The seminar is primarily for students at the MSc of Economics.

Learning outcome

In addition to the learning outcome specified in the Master curriculum the student is after completing the seminar expected to be able to:

 

  • Competence in analyzing a macroeconomic problem, where financial frictions are central.
  • Competence in solving adequate models and explaining in economic terms the results and implications, and how they derive from the assumptions of the model.

At the seminar the student is trained independently to
- identify and clarify a problem,
- seek and select relevant literatur,
- write a academic paper,
- present and discuss own paper with the other students at the seminar.

The aim of the presentations is, that the student uses the presentation as an opportunity to practice oral skills and to receive feedback. The presentations is not a part of the exam and will not be assessed.

Mandatory activities in the seminar:
- Kick-off meeting
- Finding literatur and defining the project
- Writing process of the seminar paper
- Presentation of own project and paper
- Giving constructive feedback to another student´s paper
- Actively participating in discussions at the presentations and other meetings.

There is no weekly teaching/lecturing and the student cannot expect guidance from the teacher. If the teacher gives a few introduction lectures or gives the opportunity for guidance, this as well as other expectations are clarified at the kickoff meeting.

Process:
It is strongly recommended that you think about and search for a topic before the semester begins, as there is only a few weeks from the kick-off meeting to the submission of the project description/ agreement paper.

The seminar project paper must be uploaded in Absalon before the presentations, as the opponents and the other seminar participants have to read and comment on the paper. It is important that you upload a paper that is so finalized as possible due to the fact that the value of feedback and comments at the presentation is strongly associated with the skill level of the seminar paper.

After the presentations, you can with a few corrections improve the seminar paper by including the feedback and comments emerged during the presentations. It is NOT intended that you rewrite or begin the writing of the full project AFTER the presentation has taken place.

For the relevant literature, please refer to the syllabus of the course Financial Frictions, Liquidity and the Business Cycle (F) as well as recent papers published in top journals as well as NBER’s working papers.

 

Knowledge of microeconomics, macroeconomics, and econometrics at the level of a completed undergraduate program.

BSc in Economics or similar

Schedule of the seminar:

• Kick-off meeting: September 3, 2020, 8:15 - 10:00
• Foloww up meeting: September 17, 10:15 - 12:00
• Deadline of project description: not later than October 1 at 10AM or specified by the supervisor
• Deadline of uploaded to Absalon: One week before presentation.
• Presentations: 3, 4 and/or 5 of November. Exact time is agreed on at the kick-off meeting

All information regarding the seminar is communicated through Absalon including venue. So it is very important that you by yourself logon to Absalon and read the information already when you are registered at the seminar.

Oral
Individual
Collective
Peer feedback (Students give each other feedback)

 

Each student receives individually oral feedback on the paper and at the presentation from peers and supervisor.

The supervisor gives the students collective oral feedback and individual guidance.

ECTS
7,5 ECTS
Type of assessment
Written examination
A seminar paper in English that meets the formal requirements for written papers stated in the curriculum of the Master programme and at KUNet for seminars.

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Aid
All aids allowed

for the project paper.

The teacher defines the aids that must be used for the presentations.

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Marking scale
7-point grading scale
Censorship form
External censorship
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Criteria for exam assessment

Students are assessed on the extent to which they master the learning outcome for the seminar and can make use of the knowledge, skills and competencies listed in the learning outcomes in the Curriculum of the Master programme.

 

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.

  • Category
  • Hours
  • Project work
  • 186
  • Seminar
  • 20
  • English
  • 206