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2020/2021  KAN-CPOLO1901U  Advanced Macroeconomics

English Title
Advanced Macroeconomics

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Quarter
Start time of the course Fourth Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc i International Business and Politics, MSc
Course coordinator
  • Karl Harmenberg - Department of Economics (ECON)
Main academic disciplines
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 26-04-2021

Relevant links

Learning objectives
  • Explain and apply the fundamental theories of growth and productivity
  • Outline and assess the existing evidence on growth and productivity
  • Explain and apply the theories of production, consumption, savings and investment
  • Explain the effects of policies and shocks on the economy
  • Outline and assess the existing evidence on production, consumption, savings and investment
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
4 hour written home assignment with no page max
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
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

4 hour written home assignment

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 and productivity. Growth is a huge problem for the contemporary world economy, and productivity is a major challenge for 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 the EU.

Description of the teaching methods
The course is composed of 11 three-hour sessions. These class activities will involve lectures and problem-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.

There will be regular quizzes through Canvas and/or in class. These quizzes are an important part of the course and it is strongly encouraged to complete them, since they provide an opportunity for the instructor to give continuous feedback throughout the course.
Student workload
Lectures/ class exercises / “homework café”/ workshops etc. 33 hours
Preparation time (readings, group work, etc.) 169 hours
Exam 4 hours
Expected literature
  • Niepelt, Dirk (2019) Macroeconomic Analysis, MIT Press, ISBN 978-0262043472
  • Further recommended readings and articles will be posted on Canvas.
Last updated on 26-04-2021