|
Learning objectives
At the end of the course the student is able to:
- Think in terms of abstract models when discussing questions about the national and international economy;
- Describe and explain the interactions between the goods, money and labour market, the functioning of the economy in the short and medium run, the relations between employment, inflation and output and the options for fiscal and monetary policy;
- Describe and explain the factors of growth and the way in which they shape the long-run prospects of the economy;
- Take a well-reasoned position regarding macroeconomic problems in general and in matters relating to economic policy in particular;
- Handle simple macroeconomic models and the matching quantitative data and present the results to an informed audience.
|
|
|
A clear understanding of macroeconomics does not only help us understand economic developments at the macro level, but also helps us formulate adequate monetary and fiscal policy responses.This course analyses the economy at the macro level. You will be able to explain developments in economic activity, inflation, unemployment, interest rate in the short, medium and long run and what the impact of fiscal and monetary policy is on these developments and how these developments depend on economic and political institutions. For this purpose you will get acquainted with simple, small, but abstract and highly interconnected macroeconomic models. During the course you will also confront the predictions of these macroeconomic models with actual facts and data. This way, you get an insight into the relevance of economic theory but become also aware of its limitations. You do this by investigating a topic that is highly relevant in policy circles in the European Union.
Academic skills
This course focuses on the following academic skills:
- Communication skills
- Being able to give a brief oral presentation on a specific subject.
- Information processing
- Being able to work with data software, such as Excel and Stata.
- Academic reasoning
- Thinking conceptually, thinking in terms of theory.
- Academic research
- Being able to execute the instructed research design.
- Being able to execute an instructed empirical research.
- Being able to apply theoretical concepts in research.
- Social responsibility
- Being able to perform in a team for a well-designed task or project.
Format
Lectures, tutorials and project meetings.
Assessment method
- Written final exam: 70% of the final grade;
- The empirical project: 30% of the final grade
Effort requirements
Active participation in at least 80% of the tutorials and project sessions.
Repeaters
Students who signed up for the course in (one or more of the) previous years, and did not drop the course in time, and failed the course, will participate in the regular programme.
Courses that build on Macroeconomics:
- Intermediate Macroeconomics (ECB2VMAE & ECB2IMAE)
- Monetary Theory & Policy (ECB3MTP)
- Growth and Development (ECB3GD)
- Economics of the Public Sector (ECB2EPS)
- Contemporary Economics in Historical Perspective (ECB2GED)
In case online access is required for this course and you are not in the position to buy the access code, you are advised to contact the course coordinator for an alternative solution. Please note that access codes are not re-usable meaning that codes from second hand books do not work, as well as access codes from books with a different ISBN number. Separate or spare codes are usually not available.
|
 |
|