Courses Bachelor Display 2013-2014
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| Course title | Macroeconomics and Economic Policy | |||||||||||||||||||||||||||||||||||||||
| Course code | EBC2040 | |||||||||||||||||||||||||||||||||||||||
| ECTS credits | 6,5 | |||||||||||||||||||||||||||||||||||||||
| Assessment | None | |||||||||||||||||||||||||||||||||||||||
| Period |
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| Level | Intermediate | |||||||||||||||||||||||||||||||||||||||
| Coordinator |
Erik de Regt For more information: e.deregt@maastrichtuniversity.nl |
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| Language of instruction | English | |||||||||||||||||||||||||||||||||||||||
| Goals |
- Deepening of open economy macroeconomic models for the short- and medium-run
- Deepening the understanding of macroeconomic stabilisation policy in open economies - Relating macroeconomic theories to stylised facts and empirics |
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| Description |
This course elaborates the macroeconomic topics and theories that have been discussed in the first year but in an open economy context. The central question always concerns the allocation of goods and services in the economy. How does this allocation take place? And will resources (including employment) be fully utilised? How do the various markets function in this respect? What is the role of employers (organisations) and of unions, in particular on the labour market? What are the spill over effects from the labour market to the other markets in the economy? What is the role of government policy in the economic process? How are monetary and fiscal policy implemented and how do they interact? What is the impact of the European Monetary Union in this context? These questions will be discussed against the background of different theoretical views on macroeconomics, and it will be analysed how different views may imply different answers.
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| Literature |
Gottfries, N. (2013). Macroeconomics, Pagrave MacMillan
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| Prerequisites |
Knowledge and understanding of first year microeconomics and macroeconomics, like
Perloff, J.M. (2011), Microeconomicsm 6th international edition, Pearson Blanchard O. and D. Johnsonn (2013), Macroeconomics, 6th edition, Pearson. An advanced level of English |
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| Teaching methods (indicative; course manual is definitive) | PBL / Presentation / Lecture / Groupwork | |||||||||||||||||||||||||||||||||||||||
| Assessment methods (indicative; course manual is definitive) | Participation / Written Exam | |||||||||||||||||||||||||||||||||||||||
| Evaluation in previous academic year | For the complete evaluation of this course please click "here" | |||||||||||||||||||||||||||||||||||||||
| This course belongs to the following programmes / specialisations |
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