AØKK08380U  Seminar: Topics in macroeconomic aspects of financial frictions (F)

Volume 2018/2019

MSc programme in Economics

The seminar is primarily for students at the MSc of Economics

The course is a part of the financial line, signified by (F)


In this seminar students have to analyze recent theoretical and empirical studies of macroeconomic phenomena for which financial frictions are essential.

Learning Outcome

Additional for the learning outcome specified in the Curriculum , the student must be able to show 

  • Competence in analyzing a macroeconomic problem, where financial frictions are central.
  • Competence in solving adequate models and explaining in economic terms the results and implications, and how they derive from the assumptions of the model.

For the relevant literature, please refer to the syllabus of Summerschool 2018: Financial Frictions, Liquidity, and the Business Cycle (F) as well as recent papers published in top journals as well as NBER’s working papers.

BSc in Economics or similar
Knowledge of microeconomics, macroeconomics, and econometrics at the level of a completed undergraduate program.
Kick-off meeting, research and writing process of the seminar project paper, presentation of own project, constructive feedback to another student´s project and actively participating in discussions at class.

The aim of the presentations is, that the student, who presents, uses the presentation as an opportunity to practice oral presentations skills and to receive feedback improving the seminar project.

It is strongly recommended that you start your search for a topic before the semester begins, as there is only a limited amount of weeks from the kick-off meeting to the first submission.

Before the presentations, your largely finished version of the seminar project paper must be uploaded in Absalon, as the opponents and the other seminar participants have to read and comment on the paper. It is important that you upload a nearly finished project due to the fact that the value of feedback and comments at the presentation is strongly associated with the skill of the seminar project paper.

After the presentations, you can make a light correction of the seminar project to include the feedback and comments emerged during the presentations. It is NOT intended that you rewrite or begin the writing of the full project AFTER the presentation has taken place.

The seminar project paper must be uploaded in the Digital Exam portal for assessment with in the deadline announced under Exam.
Schedule: Suggestions of dates in the seminar:

Spring 2019:
• Kick off meeting: February 13, 10:00 where the supervisor will present some selected topics, discuss the expected form of your papers and of your oral presentations.
• Commitment paper: The supervisor defines the deadline and not later than March 1, 2019
• Deadline of pre-paper uploaded to Absalon: 8 days before presentations.
• Sessions of presentations: One or two days in the periode May 1st to 24th by agreement at the kick-off meeting.

All information from the lecturer regarding the seminar is communicated through Absalon including venue.
7,5 ECTS
Type of assessment
Written examination
- a seminar paper in English that meets the formal requirements for written papers stated in the curriculum and at KUNet for seminars.
Exam registration requirements

Attendance in all  activities at the seminar as stated in the formal requrements in the Curriculum  and at the KUnet for Seminars (UK)  and  Seminars (DK)  is required to participate in the exam.


All aids allowed

for the project paper.

The supervisor defines the aids that must be used for the presentations.


Marking scale
7-point grading scale
Censorship form
External censorship
Exam period

Exam information:

Deadline for uploading the final seminar paper: June 3, 2019 before 10 AM


For enrolled students more information about examination, rules, exam schedule etc. is available at the intranet for Master (UK) and Master (DK ).



Reexam information:

The reexam is a written seminar paper as stated in the Curriculum.

Deadline and more information is available at Seminars (UK) and Seminars (DK).

More information about reexam etc is available at Master (UK)andMaster (DK).


Criteria for exam assesment

Students are assessed on the extent to which they master the learning outcome for the seminar and can make use of the knowledge, skills and competencies listed in the learning outcomes in the Curriculum of the Master programme.


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.

  • Category
  • Hours
  • Seminar
  • 20
  • Project work
  • 186
  • Total
  • 206