Courses Exchange Display 2023-2024

Course Description To PDF
Course title Macroeconomics and Economic Policy
Course code EBC2040
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
2 30-10-2023 15-12-2023 X L X
Level Intermediate
Coordinator Huub Meijers
For more information: huub.meijers@maastrichtuniversity.nl
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
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.
Literature
Intermediate Macroeconomics, t.b.a.
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
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
Bachelor Economics and Business Economics - Economics Year 2 Compulsory Course(s)
Bachelor Economics and Business Economics - Emerging Markets Year 2 Elective Course(s)
Bachelor Economics and Business Economics - Emerging Markets Year 3 Elective Course(s)
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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 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 Fiscal Economics Transition Elective Course(s)
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