EC4B5 Half Unit
Macroeconomics for MSc F&E
This information is for the 2018/19 session.
Teacher responsible
Prof Wouter Den Haan 32L.1.08A
Availability
This course is available on the MSc in Finance and Economics and MSc in Finance and Economics (Work Placement Pathway). This course is not available as an outside option.
Pre-requisites
Students must have completed Introductory Course in Mathematics and Statistics (EC400).
Course content
The Lent term of EC413 focuses on the main characteristics of business cycle fluctuations with a special emphasis on what happened during the financial crisis and different macroeconomic models to study business cycles. The course covers the Real Business Cycle model, the New-Keynesian model, models with frictions in labour and financial markets, agent-based models, the role of money, self-fulfilling believes, the role of monetary and fiscal policy (and in particular non-conventional monetary policy), and (un)sustainable sovereign debt.
Teaching
20 hours of lectures and 10 hours of seminars in the LT.
Formative coursework
Two marked assignments per term. Exercises are discussed in each class.
Indicative reading
IMF World Economic Outlook, Chapter 1: Global Prospects and Policies.
Den Haan, Wouter, 2006, Macroeconomic Models without the Walrasian Auctioneer, Tinbergen Magazine 14, fall.
IMF, 2013, Unconventional Monetary Policies – Recent Experience and Prospects.
Nelson, Rebecca M., 2013, Sovereign debt in advanced economies: Overview and Issues for Congress.
Carvalho, Vasco, 2014, From micro to macro via production networks, Journal of Economic Perspectives 28(4), 23-48.
More readings will be provided at the start of the course.
Assessment
Exam (100%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.
Key facts
Department: Economics
Total students 2017/18: 11
Average class size 2017/18: 2
Controlled access 2017/18: Yes
Lecture capture used 2017/18: Yes (LT)
Value: Half Unit
