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

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)

Academic qualifications equivalent to a BSc degree is recommended.

7,5 ECTS
Type of assessment
Written examination, 3 hours under invigilation
Type of assessment details
Skriftlig prøve

Kurset er udtaget til ITX-eksamen.
Se vigtig information om ITX-stedprøver på Studieinformation under punktet: Eksamen -> Eksamensform og regler -> Skriftlig stedprøve (ITX-prøve)
Without aids
Marking scale
7-point grading scale
Censorship form
External censorship

Same as ordinary
If ten or fewer students have signed up for re-exam, the type of assessment will be changed to a 20 minutes oral exam without preparation time.

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


Course number
7,5 ECTS
Programme level
Full Degree Master

1 block

Block 2
No limit.
The number of seats may be reduced in the late registration period
Study Board of Mathematics and Computer Science
Contracting department
  • Department of Mathematical Sciences
Contracting faculty
  • Faculty of Science
Course Coordinator
  • Christoffer Jessen Weissert   (6-716d7636393c457866726b33707a336970)
Saved on the 13-10-2023

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