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2019/2020  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 27-03-2020

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
  • Explain the determinants of unemployment
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved: 1
Compulsory home assignments
The students must get one out of two mandatory home assignments approved in order to be registered for the exam.

There will not be any extra activities provided to the students before the ordinary exam. If a student cannot participate due to documented illness, or if a student does not get the activity approved, then the student will be given an extra assignment before the re-exam.

The extra assignment is a 10 page home assignment that will cover the required number of compulsory activities. If approved, the student will be able to attend retake.
Advanced Macroeconomics:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Please see text below
No maximum number of pages, students have 3 hours to complete the assignment.
Assignment type Written assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content, structure and pedagogical approach

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, productivity and unemployment. 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 USA, the EU as well as other parts of the world.

Description of the teaching methods
These class activities will involve lectures and problem-solving exercises for a total of 42 hours.
Feedback during the teaching period
The teacher provides solutions to exercises allowing the students to check their abilities to solve relevant problems.The teacher will also give feedback on obligatory hand-in assignments.
Student workload
Exam 3 hours
Classes + Exercises 46 hours
Preparation 157 hours
Expected literature

Romer, David (2012) Advanced Macroeconomics, McGraw-Hill, most recent edition. Chapters 1, 2, 3, 4 and 11. ISBN 978-0-07-351137-5


Further recommended readings and articles will be posted in Learn.

Last updated on 27-03-2020