2014/2015
BA-BPOLO1290U Macroeconomics
| English Title |
| Macroeconomics |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Bachelor |
| Duration |
One Semester |
| Course period |
Spring |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for BSc/MSc i International Business and Politics,
BSc
|
| Course
coordinator |
- Annaïg Morin - Department of Economics
(ECON)
|
| Main academic
disciplines |
- Economics, macro economics and managerial
economics
|
|
Last updated on
02-07-2014
|
| Learning objectives |
- Explain basic macroeconomic terminology (e.g.
"growth", "recession", "natural
unemployment", "hyper inflation", "trade
balance deficit" etc.) in a comprehensive way.
- Describe how real GDP is determined in the short run, the
medium 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 (e.g. the classical model for the economy in
the long run, the IS/LM model, the Solow growth model, the AD/AS
model, etc.).
- Illustrate diagrammatically these models, perform policy
experiments (like increasing Government Purchases or changing the
Money Supply) 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 (national income, interest rate, consumption,
investment, etc.).
|
| Examination |
|
Macroeconomics:
|
| Exam
ECTS |
7,5 |
| Examination form |
Written sit-in exam |
| Individual or group exam |
Individual |
|
No aids allowed other than basic language
dictionaries (e.g. from mother tongue to English and vice versa and
English/English) and non-programmable calculators. |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Spring Term |
| 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.
|
|
| 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 |
| Teaching methods |
| Lectures and Exercises. |
| Expected literature |
| N. Gregory Mankiw & Mark Taylor.
Macroeconomics. European Edition. Worth Publishers ISBN:
978-0-7167-7369-6 (Chapters 1-14 and 19: 462
pages) |
Last updated on
02-07-2014
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