Courses Bachelor Display 2021-2022

Course Description To PDF
Course title Modern Economic Crises: Causes and Solutions
Course code EBC2191
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
4 31-1-2022 25-3-2022 X X
Level Introductory/Intermediate
Coordinator Clemens Kool
For more information: c.kool@maastrichtuniversity.nl
Language of instruction English
Goals
* Understand the basic jargon of macroeconomics (inflation, GDP, unemployment, monetary and fiscal policy)
* Understand the dynamics of different kinds of crises
* Understand the goal of the central bank
* Understand the tools at the disposal of central banks
* Understand government debt
* Understand the impact of policies on the economy
* Understand the role of credit in the economy
Description
The global financial crisis and the more recent Corona slowdown had a lot in common. However, much was different about their causes. Therefore, economic policies to cope with these two crises have been very different, and rightly so. In this course you will learn the macroeconomic approach to economic crises. Through this model, shared by most policy institutions around the world, you will learn the ropes of economic policies to counter different types of crises. We will see that economic and financial crises have often different dynamics. For this reason, policy makers are faced with different choices. We will cover the important challenges that central banks enacting monetary policy face at the zero lower bound. We will also discuss the dangers of a runaway government debt, and the role of fiscal policy. Finally, we will observe the crucial role of financial institutions and animal spirits in amplifying swings in the business cycle.
Applications in the course will often focus on the recent history and policy in Europe, with an emphasis on the choices of the European Central Bank.
Literature
* Textbook: Blanchard Macroeconomics, 8th global edition
* Additional news articles and literature papers on current topics to make the course directly applied to real world events and current discussions
Prerequisites
* EBC1009 "Economics and Business" OR EBC1018 "Macroeconomics"
* EBC1005 Quantitative Methods I
Keywords
Teaching methods (indicative; course manual is definitive) PBL / Presentation / Lecture / Assignment / Papers / Groupwork / Research / Skills / Coaching
Assessment methods (indicative; course manual is definitive) Final Paper / Attendance / Participation / Written Exam / Assignment / Observation / Portfolio / Presentation / Take home 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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