 |
|
|
1043868 |
||
|
|
|
Course |
||
| Advanced Macroeconomics 2019 | ||
Faculty |
||
|
David Jinkins, Assistant professor, CBS, Department of Economics, dj.eco@cbs.dk Daniel Borowczyk-Martins, Assistant professor, CBS, Department of Economics, dbm.eco@cbs.dk Mauricio Prado, Associate professor, CBS, Department of Economics, mp.eco@cbs.dk |
||
Course Coordinator |
||
| Associate professor Mauricio Prado | ||
Prerequisites |
||
| The course is compulsory for the PhD students of Copenhagen Business School’s Department of Economics, but also open to other PhD students who can prove some knowledge in intermediate macroeconomics as well as in some mathematical tools like multivariate calculus, constrained maximization and statistics/probability. | ||
Aim |
||
|
After the course, students are required to: • explain and be able to apply tools of dynamic economics useful in macroeconomics, and empirical techniques used to calibrate macroeconomic models; • explain different models of economic growth, business cycles, search and matching (in the labor market), asset pricing, fiscal and monetary policies, and international trade; • use the models presented in the course to explain the effects of policies and shocks on the economy. |
||
Course content |
||
|
The aim of the course is to develop some of the most important tools of dynamic economics useful in macroeconomics and to provide a number of workhorse models useful in multiple areas of macroeconomics, namely growth and business cycles, fiscal and monetary policies, search and matching (in the labor market) and international trade. The course should cover the following topics: 1. Dynamic optimization methods 2. Business cycles 3. Economic growth 4. Fiscal policy 5. Monetary policy 6. Macro labor: search and matching 7. International trade |
||
Teaching style |
||
| Lectures | ||
Lecture plan |
||
|
The lecture plan and reading list is tentative, meaning that there might be changes about which you will be informed. Introduction to the course, Dynamic Programming and Economic Growth Readings: Lecture notes, L&S 1, 3, 15.1-15.4 and 15.6, B&F 2.1-2.2, DA Chapters 2, 5, 6, 8, 11, 13, 16 and 17, O&R 7.3 and articles posted on Learn.
Fiscal and Monetary Policies Readings: Lecture notes, L&S Chapter 16 and articles posted on Learn.
Macro Labor Readings: Lecture notes and articles posted on Learn.
International Trade Readings: Lecture notes and articles posted on Learn. |
||
Learning objectives |
||
Exam |
||
| Take-home assignment to be handed-in Friday 13 December 2019. Pass/Fail, with change for re-take. | ||
Other |
||
Start date |
||
| 21/10/2019 | ||
End date |
||
| 13/11/2019 | ||
Level |
||
| PhD | ||
ECTS |
||
| 7.5 | ||
Language |
||
| English | ||
Course Literature |
||
|
There is no single textbook which covers all the topics in the course. The main textbooks with suggested readings are: [DA] Daron Acemoglu (2009) Introduction to Modern Economic Growth, Princeton University Press. ISBN 978-0-691-13292-1
[O&R] Maurice Obstfeld and Kenneth Rogoff (1996) Foundations of International Macroeconomics, MIT Press. ISBN 978-0-262-15047-7 The lecturers will refer to other relevant supplementary literature and articles during their lectures. |
||
Fee |
||
| DKK 9.750 | ||
Minimum number of participants |
||
| 6 | ||
|
|
|
Maximum number of participants |
||
| 15 | ||
Location |
||
|
Department of Economics Each lecture runs from 9am-11:35am (3 x 45min with 10 min intervals between each 45min block). Lectures for this course will run during weeks 43-46 (Oct 21st-Nov 13th). |
||
Contact information |
||
|
Administration: Anja Knudsen |
||
Registration deadline |
||
| 26/09/2019 | ||
| Please notice that registration is binding after the registration deadline. | ||