Courses Exchange Display 2024-2025
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| Course title | Macroeconomics and Economic Policy | |||||||||||||||||||||||||||||||||||||||
| Course code | EBC2040 | |||||||||||||||||||||||||||||||||||||||
| ECTS credits | 6,5 | |||||||||||||||||||||||||||||||||||||||
| Assessment | Whole/Half Grades | |||||||||||||||||||||||||||||||||||||||
| Period |
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| Level | Intermediate | |||||||||||||||||||||||||||||||||||||||
| Coordinator |
Huub Meijers For more information: huub.meijers@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. The central question always concerns the coordination between the goods market, the labour market and financial markets in a closed economy framework. Coordination failures play a central role in explaining macroeconomic fluctuations, providing roles for fiscal and monetary policy. The courses starts with a new Keynesian view of macroeconomics, developing theories and models for the short- and medium-run. In the second half we also address criticism to the new Keynesian view and introduce some alternatives. Using recent OECD Economic Outlooks, macroeconomic theory is applied to a wide variety of recent macroeconomic problems and policy dilemmas.
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| Literature |
Intermediate Macroeconomics, t.b.a.
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| Prerequisites |
This course is in transition for the bachelor Fiscal Economics.
See the Bachelor Education and Examination Regulations for more information. The following rule applies to bachelor Fiscal Economics students. TRANSITIONAL REGULATION (EBC2040): The bachelor Fiscal Economics has been discontinued. There will be repeat education for year 1 and year 2 courses up to and including academic year 2025-2026 and exam-only up to and including academic year 2026-2027. For year 3 courses there will be repeat education up to and including 2026-2027 and exam-only up to and including academic year 2027-2028. Whether a course is in transition, cancelled, or replaced may depend on the cohort you are in. Sometimes there are additional criteria. It is therefore very important to carefully read the EER and any addendum so you can apply the rules to your individual situation. PREREQUISITES: Knowledge and understanding of first year microeconomics and macroeconomics, like * Perloff, J.M. (2018), Microeconomics, 8th global edition, Pearson Education * Blanchard O. (2020), Macroeconomics, Global Edition, 8th edition, Pearson Education An advanced level of English |
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| Teaching methods (indicative; course manual is definitive) | PBL / Lecture / Assignment / Papers / Groupwork / Research | |||||||||||||||||||||||||||||||||||||||
| Assessment methods (indicative; course manual is definitive) | Attendance / Participation / Written Exam / Assignment | |||||||||||||||||||||||||||||||||||||||
| 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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