Please note! Course description is confirmed for two academic years (1.8.2018-31.7.2020), which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
The course develops central areas of macroeconomic theory that are useful for analysis and discussion of policy making. The policy topics covered include foundations of unconventional monetary policies e.g. quantitative easing, the role of financial markets in the recent crisis, current problems and topics in the Euro area and issues in long-term economic growth. Students learn the motivations for policy analysis, become familiar with current policy concerns and acquire analytical skills for assessing these problems.
Schedule: 11.01.2021 - 26.02.2021
Teacher in charge (valid 01.08.2020-31.07.2022): Seppo Honkapohja
Teacher in charge (applies in this implementation): Seppo Honkapohja
Contact information for the course (applies in this implementation):
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Formulation and use of New Keynesian models for policy making and analysis, role of financial and labor markets in macroeconomic fluctuations, the Great Recession and the problem of very low interest rates, theory of fiscal and monetary policy, analysis of long-term growth and development.
Assessment Methods and Criteria
Contact teaching 24h
Exam preparation and independent study 84 h
TOTAL 160h (ECTS)
Main text: Carlin-Soskice: Macroeconomics: Institutions, Instability, and the Financial System
Other readings to be assigned
Intermediate courses in mathematical methods for economics and in econometrics
SDG: Sustainable Development Goals
8 Decent Work and Economic Growth
- Teacher: Seppo Honkapohja