ECN400 Macroeconomic Theory and Policy

• Topics

  Real macroeconomics

  • Economic growth
  • Consumption and savings
  • Investment
  • Government spending and fiscal policy
  • Economic Fluctuations and Stabilization Policy
  • Aggregate demand
  • Inflation, unemployment and aggregate supply
  • Stabilization policy, monetary policy

   

  Topics in macroeconomic

  • Open economy
  • Financial crises
  • Labour Markets

• 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

  The course consists of plenary lectures, guest lectures, students submit group assignments.

• Recommended prerequisites

  Macroeconomics at the bachelor level, for example the textbook by Jones "Macroeconomics" .

• Required prerequisites

  None.

• Requirements for course approval

  Two assignments must be passed (approved) in order to take the exam.

• Assessment

  4 hours written school exam.

• Grading Scale

  A-F

• Computer tools

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

• Literature

  • P. B. Sørensen and H. J. Whitta-Jacobsen (2010): Introducing Advanced Macroeconomics. 2nd edition. McGraw Hill.
  • D. Backus et al. (2016): The Global Economy, NYU Stern.
  • Parts of textbooks, articles and research reports.