NMAK10018U Macroeconomics 3 (MakØk3) - Business Cycles and Monetary Stabilization Policies
Volume 2023/2024
Education
MSc Programme in Mathematics-Economics
Content
The classical Monetary Model. 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. Applications: Unconventional monetary policy; fiscal policy at the zero lower bound.
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 simple 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.
Recommended Academic Qualifications
Makroøkonomi 1 (MakØk1)
and Makroøkonomi 2 (MakØk2)
Academic qualifications equivalent to a BSc degree is recommended.
Academic qualifications equivalent to a BSc degree is recommended.
Teaching and learning methods
6 hours of combined
lecturing and exercises per week for 7 weeks.
Workload
- Category
- Hours
- Lectures
- 42
- Preparation
- 161
- Exam
- 3
- Total
- 206
Feedback form
Oral
Sign up
Self Service at KUnet
Exam
- Credit
- 7,5 ECTS
- Type of assessment
- Written examination, 3 hours under invigilation
- Type of assessment details
- Skriftlig prøve
Kurset er udtaget til ITX-eksamen.
Se vigtig information om ITX-stedprøver på Studieinformation under punktet: Eksamen -> Eksamensform og regler -> Skriftlig stedprøve (ITX-prøve) - Aid
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
- Re-exam
Same as ordinary
If ten or fewer students have signed up for re-exam, the type of assessment will be changed to a 20 minutes oral exam without preparation time.
Criteria for exam assesment
The student should convincingly and accurately demonstrate the knowledge, skills and competences described under Intended learning outcome.
Course information
- Language
- English
- Course code
- NMAK10018U
- Credit
- 7,5 ECTS
- Level
- Full Degree Master
- Duration
- 1 block
- Placement
- Block 2
- Schedule
- B
- Course capacity
- No limit.
The number of seats may be reduced in the late registration period
Study board
- Study Board of Mathematics and Computer Science
Contracting department
- Department of Mathematical Sciences
Contracting faculty
- Faculty of Science
Course Coordinators
- Christoffer Jessen Weissert (christoffer.jessen.weissert@econ.ku.dk)
Saved on the
13-10-2023