Seminar: Advanced Empirical Macroeconomic Analysis (F)
Course content
The objective of the seminar is for students to work on independent research projects using any econometric method but with a focus on macroeconomics topics. Students choose their topic in consultation with the seminar organizer, prepare and submit a first outline of the project, prepare and submit a first draft of the complete paper, present own paper and provide critical evaluation and feedback to other student’s paper, and hand-in a revised and final version of the seminar paper for assessment.
The following list provides possible topics but students are free to choose other topics as well. The topics listed below can be analyzed using panel data regressions, Vector Autoregressive Models (VAR), cross-sectional methods or other empirical approaches.
- Are supply or demand shocks driving business cycles?
- What are the effects of monetary policy?
- What are the effects of fiscal policy?
- How do energy shocks propagate throughout the economy?
- Determinants of exchange rate pass-through?
- Is there a causal relation between financial development and economic growth in developing countries and/or emerging markets?
- What are the determinants of capital flows to developing countries?
- Is economic growth affected by uncertainty?
- Fiscal councils and government solvency.
- Evaluating the Macroeconomic Imbalance Procedure.
- Economic growth and inequality.
- Inflation dynamics and output-inflation trade-offs.
The course is a part of the financial line, signified by (F)
The seminar is primarily for students at the MSc of Economics.
After completing the seminar the student is expected to be able to fulfill the learning outcome specified in the Master curriculum and to be able to:
Knowledge:
- Define relevant research purpose and structure a seminar paper.
- Account for key economic theories/approaches relevant for the seminar paper.
- Account for alternative theories/approaches relevant for the seminar paper.
- Reflect and criticize existing theories/empirical work on the chosen topic.
Skills:
- Assess previous literature and chose, with a motivation, an approach to be used in the seminar paper.
- Analyze the chosen topic using reduced form and/or structural vector autoregressive analysis.
- Analyze own results and evaluate those results given the existing literature on the topic.
- Communicate own results in a scientific and professional manner.
- Present own work and discuss other seminar papers in a scientific and professional manner.
Competences:
- Plan a research project.
- Implement econometric methods used in the literature.
- Initiate, be responsible for and carry out an independent empirical analysis.
- Initiate collaborations
Students receive individual guidance from the instructor.
Students prepare a draft assignment, which they present to the
teacher and the other students. The students take turns acting as
opponents during each other’s presentations. The feedback should
especially focus on the written presentation in the draft
assignment, with particular emphasis on the
introduction.
Students must find relevant literature themselves but will get some initial papers to start with depending on the topic.
Main background literature: Articles published in journals such as American Economic Review, Journal of International Economics, Journal of Monetary Economics, Journal of International Money and Finance, Journal of Development Economics, Energy Economics are useful when finding topics and background material.
It is recommended that the student has followed introductory and intermediate econometrics courses at least at the BSc level at the University of Copenhagen or has similar knowledge.
BSc in Economics or similar
Exact dates will be available in the seminar’s course room no
later than 14 days before the start of the semester
• Kick-off meeting: Week 6 / 36. See exact date in Absalon.
• Additional meetings/introductory teaching/guidance: Optional. See
Absalon.
• Deadline for submission of commitment paper/project description:
No later than February 28 / September 30.
• Deadline for uploading seminar paper draft in Absalon: No later
than one week before the presentations. See exact date in Absalon.
• Presentations: In the period November 20 – December 11 for the
autumn semester and May 1 – 23 for the spring semester.
See exact dates in Absalon.
• Common submission date for all seminars: December 20 at 10:00 for
the autumn semester and June 1 at 10:00 for the spring
semester.
For enrolled students: More information about registration, schedule, rules etc. can be found at Master (UK) and Master (DK ).
More information about seminars is available at Seminars (UK) and Seminars (DK).
Read about the study programme and curricula at MSc in Economics
- ECTS
- 7,5 ECTS
- Type of assessment
-
Home assignment
- Type of assessment details
- Individual or in groups of up to 3.
A seminar paper of 15 standard pages for one person, 22.5 standard pages for 2 and 30 standard pages for 3 students.
See further exam information in the Masters Programme Curriculum. - Examination prerequisites
-
Attendance in all seminar activities as stated in the Master curriculum.
Reexam: Hand in and have approved a synopsis.
- Aid
- All aids allowed
Use of AI tools is permitted. You must explain how you have used the tools. When text is solely or mainly generated by an AI tool, the tool used must be quoted as a source.
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
- Exam period
-
The seminar paper must be uploaded in Digital Exam.
Common submission date for all seminars: December 20 at 10:00 for the autumn semester and June 1 at 10:00 for the spring semester.
For enrolled students more information about examination, rules, aids etc. is available at the intranet for Master (UK) and Master (DK ).
- Re-exam
-
Individual seminar paper of 15 standard pages. See further exam information in the Masters Programme Curriculum.
Deadline and more information is available at MSc in Economics - KUnet
More information about reexam etc. is available at Master(UK) and Master(DK).
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.
- Category
- Hours
- Project work
- 186
- Seminar
- 20
- English
- 206
Kursusinformation
- Language
- English
- Course number
- AØKK08429U
- ECTS
- 7,5 ECTS
- Programme level
- Full Degree Master
- Duration
-
1 semester
- Placement
- Spring
- Capacity
- One class of up to 20 students
- Studyboard
- Department of Economics, Study Council
Contracting department
- Department of Economics
Contracting faculty
- Faculty of Social Sciences
Course Coordinator
- Michael Bergman (15-56726c716a6e75374b6e7b70766a77496e6c787737747e376d74)
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