EC4B5 Half Unit
Macroeconomics for MSc F&E
This information is for the 2022/23 session.
Teacher responsible
Prof Matthias Doepke
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
This course will teach you the main characteristics of business cycle fluctuations with a special emphasis on what happens during severe economic crises. We will consider a range of 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. These models and policy studies will highlight important economic mechanisms that are relevant to analyse a range of past and current economic phenomena.
Teaching
20 hours of lectures and 9 hours of seminars in the LT. 1 hour of seminars in the ST.
This course is delivered through a combination of classes and lectures totalling a minimum of 30 hours across Lent Term and Summer Term.
There will be a reading week in Week 6 of LT only (no lectures or classes that week).
Formative coursework
Two marked assignments per term. Exercises are discussed in each class.
Indicative reading
Primary reading will be journal articles. A full list will be made available at the start of each term.
Assessment
Exam (100%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.
Key facts
Department: Economics
Total students 2021/22: 15
Average class size 2021/22: 8
Controlled access 2021/22: Yes
Lecture capture used 2021/22: Yes (LT)
Value: Half Unit
Course selection videos
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