Macroeconomic Theory and Policy

In this course students learn the fundamental building blocks of macroeconomic theory and apply them to understand the aggregate and distributional effects of fiscal and monetary policies.

This course presents some fundamental building blocks of macroeconomic theory and how to apply them to understand the effect of economic policies.

Required and Corequired knowledge and skills

Familiarity with basic optimization techniques and some undergraduate macroeconomics is required.

The course will include lectures, problem sets, and practical sessions in which students will employ the Python programming language to solve and simulate economic models on the computer. An introductory overview of the Python programming language will be offered at the start of the course.

Contribution to the teaching profile

This course contributes to the following program learning objectives:
LO 1.2 - Assess the quality of an economic research produced by others
LO 1.3 - Identify and analyse an issue using the relevant analytical tools and methods
LO 2.1 - Adopt a scientific approach to data collection, research and analysis and communicate results with clear, structured and sophisticated arguments
LO 2.2 - Display critical thinking and develop autonomous learning strategies and techniques
LO 3.1 Apply quantitative and qualitative techniques to support data analysis using standard office and statistical software
LO 3.2 - Thorough and critical ability to use empirical and statistical tools in economics
LO 4.1 - Work and communicate effectively as part of a team in an international and multicultural environment

Campus

Solbosch

Method(s) of evaluation

• written examination
• Group work

written examination

Group work

Mark calculation method (including weighting of intermediary marks)

Written final exam (80%) and compulsory problem sets (20%)

Language(s) of evaluation

• english