- 18E-;Ex.class 10;;Macroeconomics III
- 18E-;Ex.class 2;;Macroeconomics III
- 18E-;Ex.class 3;;Macroeconomics III
- 18E-;Ex.class 4;;Macroeconomics III
- 18E-;Ex.class 5;;Macroeconomics III
- 18E-;Ex.class 6;;Macroeconomics III
- 18E-;Ex.class 7;;Macroeconomics III
- 18E-;Ex.class 9;;Macroeconomics III
- 19F-;Ex. class 1;;Macroeconomics III
- 19F-;Ex. class 2;;Macroeconomics III
AØKA08006U Macroeconomics III
This course aims at providing insight into the basic models, concepts, methods and results of modern macroeconomics and to be a prerequisite for the more specialized macroeconomic courses. We will study what determines savings and capital accumulation in a general equilibrium framework. How taxes and public debt affect the economy. The effects of uncertainty and expectations, in particular how stabilization policy is affected by the way expectations are formed. Political limits to fiscal and monetary policy are analyzed.
After completing the course, the student should be able to:
- Understand the basic models, concepts, methods and results of modern dynamic macroeconomic analysis.
- Use these tools to understand how shocks propagate in the economy.
- Manage the topics, methods, tools and theories learned during the course.
- Analyze the role of expectations and dynamic linkages, and to be proficient in the application of the concepts and methods which can be then used in other courses or in a future job after graduation.
- Analyze 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.
- Niepelt D., 2018, “Macroeconomic Models”, pre-print.
- Romer D., 2012, “Advanced Macroeconomics”, 4th edition, McGraw-Hill.
- Blanchard O. and S. Fischer, 1989, “Lectures on Macroeconomics”, MIT Press.
- Persson T. and G. Tabellini, 2000, “Political Economics”, MIT Press.
- Christiano L., 2011, “Remarks on Unconventional Monetary Policy”, International Journal of Central Banking.
- Gonzalez-Eiras M. and D. Niepelt, 2008, “The future of social security”, Journal of Monetary Economics.
3 hours lectures a week from week 36 to 50 (except week 42).
2 or 3 hours exercise classes 1 to 2 times a week from week 36/37 to 50 (except week 42).
2x3 hours lectures every second week from week 6 to 20 (except holidays).
2x3 hours exercise classes every second week from week 6/7 to 21 (except holidays).
The overall schema for the BA 3rd year and Master can be seen at KUnet:
MSc in Economics => "courses and teaching" => "Planning and overview" => "Your timetable"
BA i Økonomi/KA i Økonomi => "Kurser og undervisning" => "Planlægning og overblik" => "Dit skema"
Timetable and venue:
To see the time and location of lectures and exercise classes please press the link/links under "Se skema" (See schedule) at the right side of this page (E means Autumn, F means Spring). The lectures is shown in each link.
You can find the similar information in English at
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-E18; [Name of course]” or “2200-F19; [Name of course]”
-Select Report Type: “List – Weekdays”
-Select Period: “Efterår/Autumn – Weeks 31-5” or “Forår/Spring – Week 5-30”
Press: “ View Timetable”
Please be aware regarding exercise classes:
- The schedule of the exercise classes is only a pre-planned schedule and can be changed until just before the teaching begins without the participants accept. If this happens it will be informed at the links in the right side, in the app myUCPH and at your personal schema at KUnet.
- That the study administration allocates the students to the exercise classes according to the principles stated in the KUnet.
- If too many students have wished a specific class, students will be registered randomly at another class.
- It is not possible to change class after the second registration period has expired.
- If there is not enough registered students or available teachers, the exercise classes may be jointed.
- The student is not allowed to participate in an exercise class not registered, because the room has only seats for the amount of registered student.
- The teacher of the exercise class cannot correct assignments from other students than the registered students in the exercise class except with group work across the classes.
- That all exercise classes will be taught in English.
Registration and information for students not enrolled: Study Economics.
Læs om uddannelsen og studieordningen på BA uddannelsen i økonomi.
- 7,5 ECTS
- Type of assessment
- Written examination, 3 hours under invigilationThe exam assignment is in English and must be answered in English.
- Exam registration requirements
Three written assignments should be approved to be able to sit the exam.
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
The exam can be selected for external assessment.
- Exam period
The exam takes place
Autumn semester: 8 January 2019
Spring semester: 7 June 2019
at the computers in the exam venues of the university. From the middle of the semester the exact time will be available in Digital Exam portal.
Note: In special cases, the exam date can be changed to another day and time within the exam period.
The reexam takes place at the computers of the university.
Autumn semester: 13 February 2019
Spring semester: 9 August 2019
During the reexam periode the exact time can be seen in Digital Exam.
Note: In special cases, the written reexam can be changed to another day within the reexam period. Or to an oral exam incl. date, time and place, if only a few students are registered. This will be informed by the Exam 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 with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material and can make use of the knowledge, skills and competencies listed in the learning outcomes.
- Class Exercises