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

Guidelines for interpreting course guide information

Course selection videos

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