2014/2015
BA-BINBO1322U Macroeconomics
| English Title |
| Macroeconomics |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Bachelor |
| Duration |
One Quarter |
| Course period |
Third Quarter, Spring |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for BSc in International
Business
|
| Course
coordinator |
- Annaïg Morin - Department of Economics
(ECON)
|
| Main academic
disciplines |
- Economics, macro economics and managerial
economics
|
|
Last updated on
17-12-2014
|
| Learning objectives |
After having followed the course the
student should be able to:
- Explain basic macroeconomic in a comprehensive way.
- Describe how real GDP is determined in the short run and the
long run.
- Describe the main determinants of other important macroeconomic
variables such as inflation, unemployment, real wage, interest
rate, exchange rate etc.
- Perform simple algebraically calculations related to
developments in the main macroeconomic variables.
- Describe and explain the assumptions and relations of the main
macroeconomic models.
- Illustrate diagrammatically these models, perform policy
experiments and interpret verbally what happens when moving from
one equilibrium to another.
- Solve algebraically simple macroeconomic models in order to
determine the value of the variables in equilibrium and changes in
the variables.
|
| Examination |
|
Macroeconomics:
|
| 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 |
Spring Term and August, the regular exam takes
place in March. The make-up and re-examination takes place in
August. |
| Aids allowed to bring to the exam |
Closed Book: no aids |
| 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.
The Make-up and Re-examination takes
place according to the same rules as the regular
exam.
|
Description of the exam
procedure
No aids allowed other than basic language dictionaries (e.g.
from mother tongue to English and vice versa and English/English).
PC and paper exam without any access to CBS
network.
|
|
| Course content and
structure |
|
The course is an introduction to Macroeconomics, the branch of
economics that studies the
behaviour of the economy as a whole. Key concepts are total
production and income,
(un)employment, inflation, the rate of interest, the trade balance,
exchange rates, and the like. The
aim is to be able to explain the determinants of economic
developments, both in the long run and in
the short run, and to explore the scope that may exist for
Government and Central Bank policy to
keep the economy on a stable course.
The course will combine lectures and exercise classes. During the
lectures, the main theoretical
points of the textbook will be highlighted and related to real-life
macroeconomics and economic
policy. The best way to prepare for the lectures is to study the
relevant chapters of the textbook in
advance and solve the "Questions for review" accompanying
each chapter. During the exercise
classes we will solve a selection of the "Problems and
Applications" of the textbook, which you will
also be asked to solve for yourself in advance.
|
| Teaching methods |
Lectures and Exercises.
There are 42 lecturing hours. These hours will be devoted to
covering the material in the textbook by traditional lectures and
discussion in the class. There are also 12 exercises hours that
will be used for doing exercises and applications with the aim of
providing students an opportunity to practice the more applied
aspects of the class. |
| Student workload |
| Lecture hours |
42 hours |
| Exercises |
12 hours |
| Preparation for class and exams |
171 hours |
|
| Expected literature |
|
Mankiw: Macroeconomics, Eight Edition, Worth Publishers
Please note, minor changes may occur. The teacher will
uploade the final reading list to Learn two weeks before the course
starts.
|
Last updated on
17-12-2014
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