NMAK10018U Macroeconomics 3 (MakØk3) - Business Cycles and Monetary Stabilization Policies
MSc Programme in Mathematics-Economics
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. Open economy. Applications: Unconventional monetary policy; fiscal policy at the zero lower bound.
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 basic 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.
Academic qualifications equivalent to a BSc degree is recommended.
- Category
- Hours
- Lectures
- 42
- Preparation
- 161
- Exam
- 3
- Total
- 206
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- Credit
- 7,5 ECTS
- Type of assessment
- On-site written exam, 3 hours under invigilation
- Type of assessment details
- The on-site written exam is an ITX exam.
See important information about ITX-exams at Study Information, menu point: Exams -> Exam types and rules -> Written on-site exams (ITX) - Aid
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
- Re-exam
Same as ordinary exam.
If 10 or fewer students have signed up for re-exam, the type of assessment will be changed to a 20-minute oral exam with no 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 limitation – unless you register in the late-registration period (BSc and MSc) or as a credit or single subject student.
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 (lhq147@samf.ku.dk)