Macroeconomic Theory and Policy

ECN400 Macroeconomic Theory and Policy

  • Topics

    Topics

     Structural, long-run macroeconomic issues

      • Economic growth
      • Consumption and savings
      • Investments

    Short-run macroeconomics

      • The New-Keynesian model framework
      • Stabilization policy, monetary policy
      • Labor markets

    Government debt and fiscal policy

      • Topics in macroeconomics
      • Open economy
      • Financial crises and unemployment

  • Learning outcome

    Learning outcome

    After completing this course, students will have

    Knowledge

      • an in-depth, up-to-date knowledge of relevant theories and empirics on major topics in modern macroeconomic theory and policy;

    Skills

      • an understanding and ability to analyse macroeconomic questions with the help of modern macroeconomic models;
      • learned how to collect and analyze macroeconomic data to evaluate predictions by theoretical models and understand the policy implications.

    Competence

      • the ability to communicate key theoretical and empirical insights based on macroeconomic models and available macroeconomic data.

  • Teaching

    Teaching

    The course consists of plenary lectures, guest lectures and some work with assignments in project groups.

  • Required prerequisites

    Required prerequisites

    Basic courses in microeconomics and macroeconomics as taught in NHH's bachelorprogram or equivalent.

  • Requirements for course approval

    Requirements for course approval

    Two assignments and one case presentation must be passed (approved) in order to take the exam.

  • Assessment

    Assessment

    4 hours written exam.

  • Grading Scale

    Grading Scale

    Grading scale A-F.

  • Computer tools

    Computer tools

    Computers and statistical software are used to address empirical questions in some of the assignments.

  • Semester

    Semester

    Autumn

  • Literature

    Literature

    • D. Backus et al. (2016): http://www.stern.nyu.edu/sites/default/files/assets/documents/The_Global_Economy_Amazon_0.pdfThe Global Economy, NYU Stern.
    • Parts of textbooks, articles and research reports.

Overview

ECTS Credits
7.5
Teaching language
 English
Semester
Autumn

Course responsible

 Gernot Doppelhofer, Krisztina Molnar, Håkon Trettvoll