LEARNING OUTCOMES
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.
Credits: 6
Schedule: 07.01.2025 - 18.02.2025
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation):
Contact information for the course (applies in this implementation):
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
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
valid for whole curriculum period:
Exam, Assignment
Workload
valid for whole curriculum period:
In total 160h, consisting of lectures, exercises and independent work.
DETAILS
Study Material
valid for whole curriculum period:
Main text: Carlin-Soskice: Macroeconomics: Institutions, Instability, and the Financial System
Other readings to be assigned
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
SDG: Sustainable Development Goals
8 Decent Work and Economic Growth
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language: English
Teaching Period: 2024-2025 Spring III
2025-2026 Spring III