AØKA08006U Macroeconomics III (former Macro C)
Prioritized elective at the 3.year of BSc in Economics
Compulsory at MSc in Economics, if not taken at the BSc of
Economics
The aim of the course is to provide insight into the basic
models, concepts, methods and results of modern macroeconomics and
to be a prerequisite for the more specialized macroeconomic courses
(Advanced Macroeconomics, Economic Growth, Monetary Policy,
Advanced Development Economics: Macro Aspects, and International
Macroeconomics). Among other things the course will focus on
• What determines savings and capital accumulation in a general
equilibrium framework. • How will taxes and public debt affect the
economy?
• What are the effects of uncertainty and expectations?
• Why is money valued and how it affects capital accumulation?
• How is stabilization policy affected by the way expectations are
formed?
• The political limits to monetary policy.
At the end of the course, the student should be able to demonstrate:
- Understanding of the main model frameworks for long‐run macroeconomics. This includes the Diamond model with overlapping generations in discrete time and the Ramsey model in continuous time.
- Proficiency in the application of the concepts and methods from these frameworks, including competence in dynamic optimization and dynamic analysis in discrete and continuous time.
- Understanding of the role of expectations and basic knowledge of macroeconomic models with forward looking expectations under both perfect foresight and uncertainty and rational expectations. Time consistent and credibility issues regarding monetary and fiscal policy as well as institutional solutions.
- Proficiency in the application of the related concepts and methods.
Competence in analyzing a macroeconomic problem, where the
above‐mentioned concepts and methods are central, that is
competence in solving such models and explaining in economic terms
the results and implications and how they derive from the
assumptions of the model.
The particularly good performance, corresponding to the top mark,
is characterized by a complete fulfillment of these learning
objectives.
Syllabus:
- Romer, David: Advanced Macroeconomics, fourth edition (2012), MacGraw Hill.
2 hours of lecturing and 2 hours of excercises 1 to 2 times a week for 14 weeks
Timetable and classroom:
For time and classroom please press the link under "Se skema"(See schedule) at the right side of this page (15E means Autumn 2015, 16F means Spring 2016).
You can find the similar information partly in English at
https://skema.ku.dk/ku1516/uk/module.htm
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-F16;Macroeconomics III”
-Select Period: “Forår/Spring – Weeks 4-29”
-Press: “ View Timetable”
Normally the exercise classes begin in the second week of the semester.
Please be aware:
- That all exercise classes will be taught in English from F16.
- If too many students have wished a specific class students will be registered at another class. It is not possible to change class after the registration period has expired, and after the Study Administration has allocated the students to a class unless the registration clashes with another course registration.
- It is not allowed to participate in a exercise class a student is not registered.
- If not enough registered students or available teachers the classes may be jointed so class 1 and 2 become one, 3 and 4 become one and 5 and 6 become one.
- That the schedule of the exercise classes can be changed until just before the teaching begins without the participants accept. If this happens the participants will be informed or can see it at the above link. After enrollment it can be seen in KUnet and by the app myUCPH.
- Category
- Hours
- Class Exercises
- 42
- Exam
- 3
- Lectures
- 42
- Preparation
- 119
- Total
- 206
for enrolled students. More information about registration, schedule, rules, courses etc. can be found at the student intranet (KUnet) for courses (MA-English) and student intranet (KUnet) for courses (KA-Danish) or student intranet (KUnet) for courses (BA- Danish).
Registration and information for prospective foreign speaking students please find more information at Study Economics.
For dansktalende enkelfagsstuderende se Åbent Universitet og Merit.
- Credit
- 7,5 ECTS
- Type of assessment
- Written examination, 3 hours under invigilationThe exam is a 3 hours exam without any aids at the computers of Copenhagen University.
- Exam registration requirements
As a part of the course, three written assignments should be completed and accepted.
- Aid
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
100% censorship
- Exam period
Autumn 2015: The exam takes place January 4, 2016 at Peter Bangs Vej 36. 2000 Frederiksberg http://pc-eksamen.ku.dk/pc_exam
Spring 2016: The exam takes place June 10, 2016 at Peter Bangs Vej 36. The exact time of the exam will be informed in the Self-Service at KUnet mid-April.
For enrolled students more information about examination, exam/re-sit, rules etc. is available at the student intranet for Examination (English),student intranet for Examination (KA-Danish) and student intranet for Examination (BA-Danish).
- Re-exam
Autumn 2015: Same as the ordinary exam.
Spring 2016: The exam takes place August 22, 2016 at Peter Bangs Vej
The exact time of the exam will be informed in the Self-Service at KUnet.
If only a few students have registered for the re-exam, the exam might change to an oral exam including the date for the exam, which will be informed by the Examination Office.
Criteria for exam assesment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.
Course information
- Language
- English
- Course code
- AØKA08006U
- Credit
- 7,5 ECTS
- Level
- BachelorFull Degree Master
- Duration
- 1 semester
- Placement
- Autumn And Spring
- Schedule
- Autumn semester is week 36-4
Period of
-Teaching: Week 36-50
-Exam: Week51-4
-Re-sit: Week 5-9
Spring semester is week 6-35
Period of
-teaching: Week 6-21
-exam: Week 21-26
-re-sit: Week 31-36 - Continuing and further education
- Price
320 DKK per ECTS
- Study board
- Department of Economics, Study Council
Contracting department
- Department of Economics
Course responsibles
- Martin Gonzalez Eiras (3-716b694469677372326f7932686f)
Autumn - Emiliano Santoro
(16-676f6b6e6b63707130756370767174714267657170306d7730666d)
Spring - Laura Sunder-Plassmann
(22-6e63777463307577706667742f726e6375756f6370704267657170306d7730666d)
Spring
Lecturers
Autumn 2015:
Exercise class number 9 and 10 will be taught in English
Hold 2: Rasmus Kehlet Berg
Hold 3: Thomas Graham Kledal
Hold 4: Philip Rasmussen Woloszynski Tadayoni
Hold 5: Rasmus Kehlet Berg
Hold 7: Philip Rasmussen Woloszynski Tadayoni
Hold 8: Jonas Khubute Sekamane
Class 9: Ashenafi Belayneh Ayenew (English)
Class 10: Ashenafi Belayneh Ayenew (English)
Hold 1 og 6 er ikke oprettet.
Spring 2016:
Class 1 to 5: All classes will be taught in English
Class 1: Rasmus Kehlet Berg
Class 3: Jonas Khubute Sekamane
Class 4: Philip Rasmussen Woloszynski
Class 5: Thomas Graham Kledal
Class 2 and 6 has been canceled