Explore our knowledge

MSc in Economics and Finance - Advanced Economics and Finance

Macro­economics - The Glob­al Eco­nomy

About the course

Emner
Mikroøkonomi Makroøkonomi International økonomi

Course content

The aim of the course is to explore the fundamental models and methods used in macroeconomics. The course studies business cycles and economic growth, and analyzes the impact of shocks and economic policies (e.g. monetary and fiscal) on the economy.

Topics

  • Neoclassical Growth Model: the Ramsey model
  • Overlapping Generations model: the Diamond model
  • Dynamic Stochastic General Equilibrium models
  • Endogenous growth
  • Monetary Policy
  • Macroeconomic models of climate change (IAM-DICE)
See course description in course catalogue

What you will learn

Students are required to:

  • Explain the assumptions and key parameters of the macroeconomic models covered in the course.
  • explain the intuition from models of economic growth and business cycle fluctuations from the course
  • use the models presented in the course to explain the effects of monetary and fiscal policies and shocks on the economy
  • Apply models from the course to analyze societal challenges

Course prerequisites

This is a mandatory course for the MSc in Advanced Economics and Finance. It is assumed that students have knowledge similar to the entry requirements for the MSc in Advanced Economics and Finance. For spring courses knowledge similar to the content of the 1st-semester courses is assumed as well. The courses have 45 confrontation hours (lectures and exercises), and there is a high level of interaction between lecturer and students, and in general a high work load. To sign up send a 1-page motivational letter, a 1-page CV, and a grade transcript to ily.stu@cbs.dk before the registration deadline for elective courses. You may find the registration deadlines on my.cbs.dk ( https://studentcbs.sharepoint.com/graduate/pages/registration-for-electives.aspx ). Please also remember to sign up through the online registration.

Facts

Level
Kandidat
Type
Obligatorisk fag – også udbudt som valgfag
ECTS
7,5
Code
CEADO2003U
Teaching periods
Forår – semester
Academic year
2024/2025
Status
Available places
Teaching language
English
Teaching Format
På campus
Exams
  • Skriftlig eksamen på campus
    Individual exam, sommer
Assessment type
  • 7-trins skala