Advanced Macroeconomics
Study Board of Market and Management Anthropology, Economics, Mathematics-Economics, Environmental and Resource Management
Teaching language: English
EKA: B560003102
Censorship: Second examiner: External
Grading: 7-point grading scale
Offered in: Odense
Offered in: Autumn
Level: Master
Course ID: B560003101
ECTS value: 10
Date of Approval: 14-03-2023
Duration: 1 semester
Course ID
Course Title
Teaching language
ECTS value
Responsible study board
Study Board of Market and Management Anthropology, Economics, Mathematics-Economics, Environmental and Resource Management
Date of Approval
Course Responsible
Offered in
Level
Offered in
Duration
Recommended prerequisites
The course builds on the knowledge obtained in Makroøkonomisk analyse on the 6th semester. Students who have not followed makroøkonomisk analyse but who are otherwise willing to put in some extra effort will also be able to follow the course.
Aim and purpose
The purpose of Advanced Macroeconomics is to introduce students to topics related to the macroeconomic outlook of developed economies like Denmark with focus on both growth and fluctuations. The first main aim of the course is that students acquire knowledge about key facts of macroeconomics in developed economies and the existing theories seeking to explain these facts. The second main aim of the course is that the students acquire skills in applied macroeconomic research. The third main aim is that the students can apply these skills in various macroeconomic contexts.
Content
The course focuses on understanding the causes of economic growth and fluctuations. Models of growth and fluctuations are introduced and analyzed. Students will learn the necessary mathematical methods required to solve these models, and they will learn how the models can be applied to understand on current macroeconomic policy debates.
Learning goals
Description of outcome - Knowledge
- Describe key concepts related to economic growth and fluctuations
- Describe key empirical facts related to economic growth and fluctuations
- Describe key assumptions and predictions of models of economic growth and fluctuations
Description of outcome - Skills
- Apply simple models used in macroeconomics to understand and interpret macroeconomic facts
- Set up and solve simple models that are used in macroeconomics to analyze economic growth and fluctuations
- Identify and explain the problems and limitations involved in operationalizing and quantifying different key macroeconomic ideas and concepts
Description of outcome - Competences
- Use macroeconomic models to analyze macroeconomic issues
- Use the economic approach to understand and interpret macroeconomic research
Literature
Examples of potential literature include
- David Romer's Advanced Macroeconomics, 2019, 5e, McGraw-Hill
- Ben Heijdra's Foundations of Modern Macroeconomics, 2017, 3e, OUP
- Knut Sydsæter and others, Further Mathematics for Economic Analysis, 2008, 2e, Pearson
- Selected research articles
- Lecture notes
Teaching Method
Workload
Scheduled classes:
1 weekly 3 x 45 minutes lecture for 15 weeks.
Workload:
The students' workload is expected to be distributed as follows:
- Lectures: 45 hours.
- Preparation, lectures: 195 hours.
- Preparation, exam: 30 hours.
Total 270 hours.
This corresponds to an average weekly workload of 13 hours during the semester, including the exam.
Examination regulations
Written examination
Name
Written examination
Timing
Exam: January
Reexam: February.
Exchange students: December - the exam will be conducted with internal examiner(s).
Tests
Exam
Name
Exam
Form of examination
Written examination on premises
Censorship
Second examiner: External
Grading
7-point grading scale
Identification
Student Identification Card - Exam number
Language
English
Duration
3 hours.
Length
No limitations.
Examination aids
All exam aids allowed. However, it is not allowed to communicate with anybody.
Assignment handover
The assignment is handed over in Digital Exam.
Assignment handin
Electronic hand-in via Digital Exam.
ECTS value
10
Additional information
The examination tests the students' achievement on all specified targets.
EKA
B560003102
External comment
Students having passed the bachelor course Videregående makroøkonomisk analyse (9150502) cannot be examined in this course.
Used examination attempts in the former identical course will be transferred.
Courses that are identical with former courses that are passed according to applied rules cannot be retaken.
Courses offered
| Offer period | Offer type | Profile | Education | Semester |
|---|---|---|---|---|
| Fall 2024 | Optional | Kandidatuddannelsen i Matematik - Økonomi, Odense, gældende fra 1. september 2020 | MSc in Mathematics-Economics - 2023 | Master of Science (MSc) in Mathematics-Economics | Odense | |
| Fall 2024 | Optional | Master of Science in Economics - with profile in Finance, valid from September 1, 2020 (last intake in 2023) | MSc in Economics - 2023 | Master of Science (MSc) in Economics | Odense | |
| Fall 2023 | Mandatory | Master of Science in Economics, valid from September 1, 2020 (last intake in 2023) | MSc in Economics - 2023 | Master of Science (MSc) in Economics | Odense | 1 |
| Fall 2023 | Optional | Master of Science in Economics - with profile in Finance, valid from September 1, 2020 (last intake in 2023) | MSc in Economics - 2023 | Master of Science (MSc) in Economics | Odense | |
| Fall 2023 | Optional | Kandidatuddannelsen i Matematik - Økonomi, Odense, gældende fra 1. september 2020 | MSc in Mathematics-Economics - 2023 | Master of Science (MSc) in Mathematics-Economics | Odense | Fall 2023 | Exchange students |