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.
- Unemployment in the New-Keynesian model.
- Inequality and the Two-Agent New-Keynesian (TANK) model.
- The New-Keynesian model in practice.
Education
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 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.
Teaching and learning methods
6 hours of combined lecturing and exercises per week for 7 weeks.
Recommended prerequisites
Makroøkonomi 1 (MakØk1) and Makroøkonomi 2 (MakØk2)
Academic qualifications equivalent to a BSc degree is
recommended.
Feedback form
Oral
Exam
- 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
- No aids allowed
- 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.
Course type
Single subject courses (day)
Workload
- 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 (27-6b707a717b7c776e6e6d7a36726d7b7b6d76367f6d717b7b6d7a7c486d6b777636737d366c73)
Saved on the
23-02-2026
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