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.
Makroøkonomi 1 (MakØk1) and Makroøkonomi 2 (MakØk2)

Academic qualifications equivalent to a BSc degree is recommended.
6 hours of combined lecturing and exercises per week for 7 weeks.
  • Category
  • Hours
  • Lectures
  • 42
  • Preparation
  • 161
  • Exam
  • 3
  • Total
  • 206
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.