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2018/2019  KAN-CAEFO1073U  Advanced Macroeconomics

English Title
Advanced Macroeconomics

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Semester
Start time of the course Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Birthe Larsen - Department of Economics (ECON)
Main academic disciplines
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 07-12-2018

Relevant links

Learning objectives
  • 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
Advanced Macroeconomics:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Summer
Aids Closed book: no aids
However, at all written sit-in exams the student has access to the basic IT application package (Microsoft Office (minus Excel), digital pen and paper, 7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows Media Player), and the student is allowed to bring simple writing and drawing utensils (non-digital). PLEASE NOTE: Students are not allowed to communicate with others during the exam.
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 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).

Description of the teaching methods
These class activities will involve lectures and problem-solving exercises for a total of 42 hours. There will be sessions with practitioners (e.g. chief economist of a major bank, economist from the ministry of finance or the central bank).
Feedback during the teaching period
The teacher provides solutions to exercises allowing the students to check their abilities to solve relevant problems. The teacher might offer quizzes giving students a quick indication of their understanding of certain topics. The teacher might also offer feedback on voluntary hand-in assignments.
Student workload
Exam 4 hours
Classes + Excercises 46 hours
Preparation 156 hours
Expected literature

Romer, David (2012) Advanced Macroeconomics, McGraw-Hill, 4th edition. Chapters 1, 2, 3, 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 07-12-2018