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2022/2023 KAN-CCMVV2001U Advanced Macroeconomics
| English Title | |
| Advanced Macroeconomics |
Course information |
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| 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
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| Last updated on 11-02-2022 | |
Relevant links |
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| 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.
This course is closed for enrolment of AEF students. |
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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.
Topics
In relation to Nordic Nine principles the course provides a theoretical framework so students can understand, analyze, and communicate macroeconomic issues. And we want our students to be able to participate in interdisplinary work processes to make informed decisions about the business environment. All of this relates to the Value principle that:
“you are critical when thinking and constructive when collaborating”
Second, by the very nature of macroeconomic data and macroeconomic modelling, the course relates to the Knowledge principle that:
“you are analytical with data and curious about ambiguity”
Finally, macroeconomic theories taught in this course aim at maximizing welfare to the current and future generations and that directly relates to the Action principle that:
“you produce prosperity and protect the prosperity of next generations”.
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| 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 | ||||||||||||||||||||||
| Student feedback will occur regularly throughout the course, e.g. via office hours and in-class problem solving (exercise classes). Students are encouraged to make use of those to enhance their learning experience, of course in addition to regular participation and two-way communication in lectures. The lecturer will also strive to be readily available for a one-to-one dialogue in both lecture breaks and following each lecture session. | ||||||||||||||||||||||
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| Further Information | ||||||||||||||||||||||
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This course is closed for enrollment of AEF students. |
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| Expected literature | ||||||||||||||||||||||
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Romer, David (2019) Advanced Macroeconomics, McGraw-Hill, 5th
edition. Chapters 1, 2, 5, 6, 7, 8,
Further recommended readings and articles will be posted in Learn. |
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