2294.18 - Intermediate Macroeconomics 2
Course number
2294.18
Title
Intermediate Macroeconomics 2
ECTS
7.5
Purpose
The aim is to provide the students with the skills to use the standard
economic theory and models of the economy with emphasis on the
short and medium run, on economic shocks and opportunities for
policy response, in order to provide basic knowledge about economic
theory and methodology.
Content
The emphasis is on economic theory and models of the short run
characteristics of the economy. Building on the course in Principles
of Macroeconomics students will study the standard business cycle
theory and consequences of economic shocks, and the opportunities
of policy responses in closed and open economies and under different
institutional settings. They will also study the challenges to
governments and central banks in designing fiscal and monetary
policy responses. The course is more challenging than Principles of
Macroeconomics with respect to both content and method in that the
analysis to a larger degree is based on mathematical models.
Learning and teaching approaches
Lectures will adress the curriculum and the students will work on
problem sets in exercise classes
Learning outcomes
Upon successful completion of the course the student will have
aquired skills to:
to understand and explain in writing and in formal models the
structure of the economy, the significance of business cycles
and the range of policy responses to counter them
explain models of small open economies and of international
trade in goods and services and factors of production under
various exchange rate regimes
explain and analyse the effect of policy responses to business
cycles and their impact in both short and medium term
Assessment method
Four hours written exam without the aid of textbooks and notes
Examination
External
Marking scale
7-
Contact
Jóannes Jacobsen