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.
MSc Programme in Mathematics-Economics
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)
Academic qualifications equivalent to a BSc degree is
recommended.
- ECTS
- 7,5 ECTS
- Type of assessment
-
Written examination, 3 hours under invigilation
- Type of assessment details
- Skriftlig prøve
- Aid
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
Criteria for exam assessment
The student should convincingly and accurately demonstrate the knowledge, skills and competences described under Intended learning outcome.
Single subject courses (day)
- Category
- Hours
- Lectures
- 42
- Preparation
- 161
- Exam
- 3
- English
- 206
Kursusinformation
- Language
- English
- Course number
- NMAK10018U
- ECTS
- 7,5 ECTS
- Programme level
- Full Degree Master
- Duration
-
1 block
- Placement
- Block 2
- Schedulegroup
-
B
- Capacity
- No limit.
The number of seats may be reduced in the late registration period - Studyboard
- Study Board of Mathematics and Computer Science
Contracting department
- Department of Mathematical Sciences
Contracting faculty
- Faculty of Science
Course Coordinator
- Laura Sunder-Plassmann (22-73687c7968357a7c756b6c79347773687a7a74687575476c6a767535727c356b72)
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Courseinformation of students