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2019/2020  BA-BPOLO1290U  Macroeconomics

English Title
Macroeconomics

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Start time of the course Third Quarter
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
  • Katja Mann - Department of Economics (ECON)
Main academic disciplines
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 17-06-2019

Relevant links

Learning objectives
  • Explain basic macroeconomic terminology (e.g. "growth", "recession", "natural unemployment" etc.) in a comprehensive way.
  • Describe and explain the assumptions and mechanisms of the main macroeconomic models (e.g. the IS-LM model, the IS-LM-PC model, the Solow growth model, etc.). Illustrate these models graphically and solve them algebraically.
  • Describe how GDP is determined in the short run, the medium run and the long run. Explain how GDP is affected by shocks.
  • Describe the main determinants of other important macroeconomic variables such as inflation, unemployment, real wage, interest rate etc. Explain how these macroeconomic variables are affected by shocks.
  • Perform policy experiments (e.g., changes in government spending or changes in money supply). Interpret the mechanisms verbally and graphically, and solve algebraically.
Examination
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-point grading scale
Examiner(s) One internal examiner
Exam period Spring
Aids Limited aids, see the list below:
The student is allowed to bring
  • Non-programmable, financial calculators: HP10bll+ or Texas BA II Plus
  • Language dictionaries in paper format
The student will have access to
  • Advanced IT application package
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, structure and pedagogical approach

The aim of this course is to provide students with an introduction to macroeconomics. The course focuses on the behavior of the economy in the short-run, medium-run, and long-run, specifically looking at the goods market, the financial market and the labor market. The course is designed to help students understand how these markets operate, how they interact with each other, and how they are impacted by shocks and macroeconomic policies.

Description of the teaching methods
The course will mainly consist of general lectures which will present and explain
macroeconomic concepts and models. Each mechanism presented in class will be embodied in a simple analytical framework to facilitate understanding the underlying logic. Moreover, graphs will be used extensively to build intuition.

In addition to general lectures, tutorial sessions will be devoted to solving exercises.
Feedback during the teaching period
We try to offer feedback in response to your questions and work whenever feasible although please appreciate that there are often time constraints. Please feel free to take full advantage of the ‘office hours’ offered by full-time staff members, although these can never be a substitute for participation in lectures and classes. We also encourage you to ask questions or make comments in class and form self-study groups to secure peer feedback on your work.
Student workload
Preparation time (readings, group work etc.) 100 hours
Lectures / class exercises / “homework cafés” / workshops etc. 54 hours
Exam (incl. preparation for the exam and actual exam period) 54 hours
Expected literature

Blanchard O., Macroeconomics (7th Edition), 2017, Pearson Prentice Hall.

 

Please note that minor changes may occur. The lecturer will upload the final reading list to Learn two weeks before the course starts.

Last updated on 17-06-2019