Courses NonDegree Display 2022-2023

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 6-2-2023 31-3-2023 X X
Level Intermediate
Coordinator Giulia Piccillo
For more information: g.piccillo@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
Carlin & Soskice, 2015
Prerequisites
* EBC1009 "Economics and Business" OR EBC1018 "Macroeconomics"
* EBC1005 Quantitative Methods I
Keywords
Teaching methods (indicative; course manual is definitive) PBL / Lecture / Assignment / Papers / Groupwork / Research / Skills
Assessment methods (indicative; course manual is definitive) Final Paper / 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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Bachelor Economics and Business Economics - International Business Economics Year 3 Economics Elec(s) - Maj Finance
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Bachelor Economics and Business Economics - International Business Economics Year 3 Economics Elec(s) - Maj Marketing
Bachelor Economics and Business Economics - International Business Economics Year 3 Economics Elec(s) - Maj Org
Bachelor Economics and Business Economics - International Business Economics Year 3 Economics Elec(s) - Maj SCM
Bachelor Economics and Business Economics - International Business Economics Year 3 Economics Elec(s) - Maj Strategy
Bachelor International Business - Emerging Markets Year 3 Elective Course(s)
Bachelor International Business Year 3 Economics Elec(s) - Maj Accounting
Bachelor International Business Year 3 Economics Elec(s) - Maj Finance
Bachelor International Business Year 3 Economics Elec(s) - Maj Inf Mgmt
Bachelor International Business Year 3 Economics Elec(s) - Maj Marketing
Bachelor International Business Year 3 Economics Elec(s) - Maj Org
Bachelor International Business Year 3 Economics Elec(s) - Maj SCM
Bachelor International Business Year 3 Economics Elec(s) - Maj Strategy
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