2024/2025 KAN-CPOLO1901U Advanced Macroeconomics
English Title | |
Advanced Macroeconomics |
Course information |
|
Language | English |
Course ECTS | 7.5 ECTS |
Type | Mandatory (also offered as elective) |
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 BSc/MSc i International Business and Politics,
MSc
|
Course coordinator | |
|
|
Main academic disciplines | |
|
|
Teaching methods | |
|
|
Last updated on 25-06-2024 |
Relevant links |
Learning objectives | ||||||||||||||||||||||
|
||||||||||||||||||||||
Examination | ||||||||||||||||||||||
|
||||||||||||||||||||||
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 focusses on business cycles, economic policy, and growth. Business cycle fluctuations and the associated policy responses is a key concern of governments and central banks over the short- to medium run. Fostering economic growth, on the other hand, is a major objective over the long run. This course will study the consequences and appropriate policy responses to economic downturns, and develop an understanding of the tensions between different policy objectives; stabilizing output on the one hand, and inflation on the other. Moreover, we will analyzes the sources of economic growth, and its main determinants.
In relation to Nordic Nine Advanced Macroeconomics provides students with knowledge about
the economic climate in which businesses operate (NN1), in
particular with respect to macroeconomic quantities such as
inflation, economic growth and unemployment. Students reflect on
societal challenges such as technological change, joblessness, and
learn to apply entrepreneurial knowledge to address these
challenges (NN4). More generally, the course encourages critical
thinking about the guidance of economic theories for solving
real-world problems (NN6). Students also learn about intertemporal
trade-offs -- e.g. such as the tension between forgone present
consumption vs. productive investments -- and how these
challenge the prosperity of present and future generations (NN7).
|
||||||||||||||||||||||
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. | ||||||||||||||||||||||
Student workload | ||||||||||||||||||||||
|
||||||||||||||||||||||
Expected literature | ||||||||||||||||||||||
* Lecture slides available on canvas * The lecture notes on Macroeconomic by Karl Whelan: https://www.karlwhelan.com/Macro2/Whelan-Lecture-Notes.pdf |