AØKK08198U Advanced Development Economics: Applied Macroeconomic and Policy Analysis
The course considers a range of policy-relevant topics that applied economists face in low and middle income countries. The course focuses on short- and medium-run macroeconomic management. Topics covered include basic data and metrics for applied macroeconomists, national accounts analysis, macroeconomic consistency models, forecasting, real exchange rate valuation and fiscal sustainability.
The objective is to develop an understanding of various methods/tools, their strengths and weaknesses, and how they have been applied in practice. In doing so, the course aims to provide students with skills to critically assess a range of applied macroeconomic and economic policy issues in low and middle income country contexts.
The course complements the existing Masters-level development economics courses (“Micro aspects” and “Macro aspects”). It makes a bridge between specific microeconomic topics and the fundamental determinants of growth.
The course should be relevant for students that seek to work as applied economists, such as: emerging markets finance, international organizations, government ministries, or diplomatic missions etc..
Students are expected to be actively involved, particularly in discussion of concrete policy problems and case studies.
After completing the course, the student should be able to:
Understand the role of and challenges facing economists in policy-making in developing countries
Develop a working knowledge of basic analytical tools used to investigate macroeconomic policy challenges/developments in developing countries. These include national accounts indicators, consistency frameworks, forecasting, real exchange rate evaluations and fiscal sustainability analysis
Understand standard international parity conditions and other modelling assumptions often applied in macroeconomic analysis for developing countries
Demonstrate knowledge of findings in the empirical literature, including country cases studies and applications, which shed light on the range of topics covered in the course
Be able to evaluate the quality of evidence in the empirical literature covered in the course, such as the effects of macroeconomic policy choices on development outcomes
Be able to discuss the strengths, weaknesses and overall suitability of different model assumptions and analytical tools often used in developing country macroeconomic analysis
Develop familiarity with key macroeconomic data series and their quality
Develop a broad understanding of macroeconomic challenges facing developing countries
Be able to reflect on appropriate priorities for macroeconomic policy-making in developing countries
Be able to apply basic macroeconomic analytical tools, such as analysis of national accounts and real exchange rate evaluations to different contexts or data
- Be able to critically discuss underlying models, empirical methods and findings that concern macroeconomic management in developing countries
There is no textbook for the course. Readings will be taken from assigned journal articles and working papers.
Links to the required readings will be made available on the course website (Absalon).
Students will be required to present their own work in class (see Exam registration requirements below).
2 hours lectures 1 to 2 times a week from week 36 to 50 (except week 42).
The overall schema for the Master can be seen at https://intranet.ku.dk/economics_ma/courses/CourseCatalogue-E17/Courseschema/Pages/default.aspx
Timetable and venue:
To see the time and location of lectures please press the link under "Se skema" (See schedule) at the right side of this page. E means Autumn.
You can find the similar information partly in English at
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-E17; [Name of course]””
-Select Report Type: “List – Weekdays”
-Select Period: “Efterår/Autumn – Weeks 31-5”
Press: “ View Timetable”
Registration and information for foreign students not enrolled please find more information at Study Economics.
Læs om uddannelsen og studieordningen på KA uddannelsen i økonomi.
- 7,5 ECTS
- Type of assessment
- Written assignment, 24 hours- an individual take-home exam. The exam assignment is in English and must be answered in English.
- Exam registration requirements
To be eligible to take the examination, students must satisfactorily complete one presentation assignment during the semester, individually or in a group.
- All aids allowed
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
if chosen by the Head of Studies.
- Exam period
The take-home exam takes place January 6, 2018 at 10.00 AM to January 7 at 10.00 AM
The take-home exam takes place February 10, 2018 at 10.00 AM to February 11 at 10.00 AM
If only a few students have registered the exam might change to oral including the date, time and place, which will be informed in the KUNet or by the Examination Office.
Criteria for exam assesment
Students are assessed on the extent to which they master the learning outcome for the course.
To receive the top grade, the student must be able to demonstrate in an excellent manner that he or she has acquired and can make use of the knowledge, skills and competencies listed in the learning outcomes.
In order to earn a grade 12 students must then be able to:
Critically discuss macroeconomic management priorities and challenges facing applied macroeconomists in developing country contexts
Demonstrate knowledge of the empirical literature, including specific country cases
Evaluate the quality of existing empirical evidence concerning the topics covered in the course
Explain basic analytical tools used to investigate macroeconomic policy challenges/developments in developing countries
Reflect on the strengths, weaknesses and suitability of different tools/models/assumptions as applied in alternative situations
- Apply specific analytical methods/tools in a simplified setting
The above aptitudes should be demonstrated at a high level, incorporating clear communication based on an academic style.