2012/2013  BA-HA_HU1B  Macroeconomics

English Title

Macroeconomics

Course information
Language	English
Exam ECTS	7.5 ECTS
Type	Elective
Level	Bachelor
Duration	Summer
Course period	NOTE: The course schedule is at the moment ONLY available at www.cbs.dk/summer.
Time Table	Please see course schedule at e-Campus
Study board	Study Board for BSc in Economics and Business Administration
Course coordinator
Faculty - Sujata Madan, Mcgill university Patricia Plackett - Department of Operations Management
Main Category of the Course
Economics, macro economics and managerial economics
Last updated on 23-04-2012

Learning objectives

In order for the students to acquire the mark 12 they must demonstrate that they are: Able to understand the fundamentals of demand and supply analysis Able to discuss salient facts about the economy’s performance; measures of economic activity such as GDP, employment and inflation Able to discuss the determinants of trends in economic growth and business cycle fluctuations Able to discuss fiscal, monetary and international trade policies and their effect on domestic and foreign business cycles and growth

Examination

Macroeconomics

4-hour written exam (closed book): Type of test Written Exam Marking scale 7-step scale Second examiner No second examiner Exam period Summer Term Aids Closed Book Duration 4 Hours Closed book. Exam aids: Calculator

Course content

Content is similar to that covered in an undergraduate macroeconomics course in North America. The main topics include Introduction: What Is Economics?; The Key Principles of Economics; Exchange and Markets; Demand, Supply and Market Equilibrium; Measuring a Nation’s Production and Income; Unemployment and Inflation; The Economy at Full Employment; Why Do Economies Grow?; Aggregate Demand and Aggregate Supply; Fiscal Policy; Investment and Financial Markets; Money and the Banking System; The Federal Reserve and Monetary Policy; Modern Macroeconomics: From the Short Run to the Long Run; The Dynamics of Inflation and Unemployment; The World of International Finance.   The course’s development of personal competences: Analytical skills, group working interpersonal skills

Teaching methods

Interactive lectures, discussions, case studies

Expected literature

O’Sullivan, Scheffrin & Perez, Economics: Principles, Applications and Tools, 7th edition, Pearson/Prentice Hall, 2012 (or newer edition). ISBN 9780132722001.