Macroeconomics 3 (MakØk3) - Business Cycles and Monetary Stabilization Policies
Course content
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. Open economy. 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 basic 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
-
On-site written exam, 3 hours under invigilation
- Type of assessment details
- The on-site written exam is an ITX exam.
See important information about ITX-exams at Study Information, menu point: Exams -> Exam types and rules -> Written on-site exams (ITX) - Aid
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
- Re-exam
-
Same as ordinary exam.
If 10 or fewer students have signed up for re-exam, the type of assessment will be changed to a 20-minute oral exam with no 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
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 limitation – unless you register in the late-registration period (BSc and MSc) or as a credit or single subject student.
- Studyboard
- 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)
Er du BA- eller KA-studerende?
Kursusinformation for indskrevne studerende