Macroeconomics III (p)
Course content
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.
Change per 24th of November 2021:
Due to an unforeseen change of instructor, the course will maintain
the current schedule and structure, but lectures will be only
available in a recorded format, with the exact calendar being
available at a later stage posted in Absalon.
Restrictions due to Coronavirus:
The teaching in this course may be changed to be taught either
fully or partly online due to COVID-19. For further information,
please see the course room on Absalon (for enrolled
students).
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 2021
3 hours lectures 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 2022:
3 hours lectures a week from week 6 to 20.
3 hours exercise classes a week from week 6/7 to 20/21.
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/ku2122/uk/module.htm
-Select Department: “2200-Økonomisk Institut” (and wait for
respond)
-Select Module:: “2200-E21; [Name of course]” or “2200-F22; [Name
of course]”
-Select Report Type: “List – Weekdays”
-Select Period: “Efterår/Autumn” or “Forår/Spring”
Press: “ View Timetable”
Please be aware:
- 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.
- 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.
- All exercise classes will be taught in English.
- The schedule of the lectures and the exercise classes can be
changed without the participants´ acceptance. If this happens you
can see the new schedule in your personal timetable at KUnet, in
the app myUCPH and through the links in the right side and the link
above.
- It is the students´s own responsibility continuously throughout
the study to stay informed about their study, their teaching, their
schedule, their exams etc. through the curriculum of the study
programme, the study pages at KUnet, student messages, the course
description, the Digital Exam portal, Absalon, the personal schema
at KUnet and myUCPH app 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: Rules etc at Master(UK), Master(DK) and Bachelor(DK)
Foreign students and guests: Information about admission requirements, application, tuition fee, registration at Study Economics.
Please read the curriculum before enrolment.
Gæste- og enkelfagsstuderende: Tilmelding via Uddannelse i Økonomi.
Læs venligst studieordningen og uddannelsen inden tilmelding.
- ECTS
- 7,5 ECTS
- Type of assessment
-
Written examination, 3 hours under invigilationas an ITX-exam in the exam venues of the university.
The exam assignment is in English and must be answered in English.
Changes due to Coronavirus:
In the event that COVID-19 restrictions may affect the conduction of the ITX-exams, the written exam and the re-sit exam will be changed to a 4 hours take-home exam with all aids. If done so, the changes will be announced in study messages at KUnet and in the Digital Exam portal.
The take-home exam is an individual exam and it is not allowed to communicate with any one about the exam assignment nor the solution at all. It is also prohibited to distribute data and other information at all. If this or alike actions happens, it will be regarded as cheating and plagiarism.
__ - Aid
-
No aids allowed at the written ITX-exam.
If the ITX-exam is changed to a take-home exam due to COVID-19, the written take-home exam will be with all aids.
Information about allowed aids for the re-examination, please go to the section "Re-exam".
__
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
at the written exam.
The written ITX-exam may be chosen for external assessment by random sample.
An oral re-examination may be with external assessment.
__
Criteria for exam assessment
Students are assessed on the extent to which they master the learning outcome for the course.
In order to obtain the top grade “12”, 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.
In order to obtain the passing grade “02”, the student must in a satisfactory way be able to demonstrate a minimal acceptable level 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
- 7,5 ECTS
- Programme level
- Full Degree Master
Bachelor
- Duration
-
1 semester
- Placement
- Autumn And Spring
- Go to 'Signup' for
information about registration and enrollment.
_ - Price
-
Information about admission and tuition fee: Master and Exchange Programme, credit students and guest students (Open University)
- Schedulegroup
-
and venue:
- For teaching: Go to 'Remarks'.
- For 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 Coordinator
- Emiliano Santoro
(16-6a726e716e6673743378667379747774456a68747333707a336970)
Autumn 2021 + Spring 2022
Teacher
See 'Course Coordinators'
Teachers of exercise classes:
Autumn 2021:
Ex.class 1: Max Blichfeldt Ørsnes
Ex.class 2: Anna-Maria Kyritsaki
Ex.class 3: Niels Søndergaard Lauritzen
Ex.class 5: Anna-Maria Kyritsaki
Ex.class 6: Jeppe Lund Dinsen
Ex.class 7: Viktor Bluhme Jeppesen
Ex.class 9: Max Blichfeldt Ørsnes
Ex.class 10: Niels Søndergaard Lauritzen
Spring 2022:
Ex. class 1: Anna-Maria Kyritsaki
Please read "Remarks" regarding the schedule of the
teaching.
Timetable
Are you BA- or KA-student?
Courseinformation of students