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2015/2016  KAN-CCMVV2001U  Advanced Macroeconomics

English Title
Advanced Macroeconomics

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Start time of the course 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)
Kontaktinformation: https:/​/​e-campus.dk/​studium/​kontakt eller Contact information: https:/​/​e-campus.dk/​studium/​kontakt
Main academic disciplines
  • Economics
Last updated on 12-11-2015
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: 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 Case based assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Winter
Aids allowed to bring to the exam Limited aids, see the list below:
  • Written sit-in-exam with pen and paper
  • Books and compendia brought by the examinee
  • Allowed dictionaries
  • Notes in paper format brought by the examinee
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

No calculators or electronics of any form are allowed. Only written aids allowed
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 financial and non-financial 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 in the US and in the EU (and there are different views on this on each side of the Atlantic).
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.
 
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 12-11-2015