2014/2015
KAN-CCMVV2001U Advanced Macroeconomics
| English Title |
| Advanced
Macroeconomics |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Elective |
| Level |
Full Degree Master |
| Duration |
One Semester |
| Course period |
Autumn |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for MSc in Economics and Business
Administration
|
| Course
coordinator |
- Mauricio Prado - Department of Economics
(ECON)
|
| Administration: Ida
Lyngby - il.eco@cbs.dk |
| Main academic
disciplines |
- Economics, macro economics and managerial
economics
|
|
Last updated on
13-05-2014
|
| Learning objectives |
Students are required to:
- explain the fundamentals of growth and productivity.
- explain the determinants of production, consumption, savings
and investment.
- explain the effects of policies and shocks on the
economy.
|
| Course prerequisites |
| To be able to follow the course, students are
advised that some background knowledge of mathematics and economics
is helpful. The key mathematical requirements are knowledge of
methods of optimization subject to constraints and basic ideas of
probability and statistics. In terms of economics, the course
assumes understanding of intermediate micro- and
macroeconomics. |
| Examination |
|
4-hour written
exam:
|
| Exam
ECTS |
7,5 |
| Examination form |
Written sit-in exam |
| Individual or group exam |
Individual |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Winter Term and December/January |
| Aids allowed to bring
to the exam |
Limited aids, see the list below and the exam
plan/guidelines for further information:
- Books and compendia brought by the examinee
- Notes brought by the examinee
- Allowed dictionaries
|
| Make-up exam/re-exam |
Same examination form as the ordinary exam
If the number of registered candidates for the make-up
examination/re-take examination warrants that it may most
appropriately be held as an oral examination, the programme office
will inform the students that the make-up examination/re-take
examination will be held as an oral examination
instead.
|
Description of the exam
procedure
The exam must be hand written (pen and
paper)
|
|
| Course content and structure |
|
The aim of the course is to provide students with
an understanding of the macroeconomic environment of businesses.
Such understanding is essential for key employees in both nancial
and non- nancial institutions, corporations, and the government.
The course focuses on growth and productivity. Growth is a huge
problem for the world economy these days, and productivity is a
major challenge to the developed and developing economies. The
course will also study the determinants of production, consumption,
saving and investment.
Their interplay with growth and productivity is at the core of
both short term and long term economic policies.
To achieve the aims of the course, many different models to
analyze macroeconomic variables are presented. The course is
therefore partly theoretical, but is always motivated by use of
real-world data.
|
| Teaching methods |
| The course is composed of 12 three-hour sessions.
These class activities will involve lectures and problem-solving
exercises. There will be sessions with practitioners (e.g. chief
economist of a major bank, economist from the ministry of Finance
or the central bank). |
| Further Information |
|
The elective is a progressional course for students from the AEF
concentration.
Changes in course schedule may occur
Tuesday 09.50-12.25, week 37-41, 43-48
|
| Expected literature |
- Romer, David (2012) Advanced Macroeconomics, McGraw-Hill, 4th
edition. Chapters 1, 2, 5, 6, 7, 8, and 9. ISBN
978-0-07-351137-5
- Further recommended readings and articles will be posted
in Learn.
|
Last updated on
13-05-2014
Permalink