Syllabus

Title
0986 Advanced Macroeconomics
Instructors
Univ.Prof. Dr. Jesus Crespo Cuaresma
Contact details
jcrespo@wu.ac.at
Type
PI
Weekly hours
3
Language of instruction
Englisch
Registration
09/14/17 to 09/22/17
Registration via LPIS
Notes to the course
Dates
Day Date Time Room
Tuesday 10/10/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 10/17/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 10/24/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 10/31/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 11/07/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 11/14/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 11/21/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 11/28/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 12/05/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 12/12/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 12/19/17 02:00 PM - 04:30 PM D4.0.022
Tuesday 01/09/18 02:00 PM - 04:30 PM D4.0.022
Tuesday 01/16/18 02:00 PM - 04:30 PM D4.0.022
Tuesday 01/23/18 02:00 PM - 04:30 PM D4.0.022
Tuesday 01/30/18 02:00 PM - 04:30 PM D4.0.022

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Contents

This course deals with modern approaches to macroeconomic policy. In particular, it assesses the role played by institutional settings  as determinants of the effects of fiscal and monetary policy. The structure of the course is as follows:

1) The Keynesian framework: the IS-LM and AD-AS models.

2) Fiscal policy: concepts and measurement.

3) The public sector budget constraint and Ricardian equivalence.

4) Deficits and inflation.

5) Monetary policy: targets and instruments.

6) Low-inflation monetary policy: time-inconsistency.

7) Liquidity traps and the zero lower bound of interest rates.

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Learning outcomes
This course will enable students to understand macroeconomic policy aims and instruments in a closed economy setting, as well as the transmission mechanism of fiscal and monetary shocks and the problems faced by policymakers when designing macroeconomic policy measures.
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Teaching/learning method(s)
Interactive classes with presentations by student groups.
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Assessment
Written exam (70% of the final mark), group presentations (20% of the final mark) and discussion in group presentation phase (10% of the final mark)
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Availability of lecturer(s)
Contact by email (jcrespo@wu.ac.at) for appointment.
Last edited: 2017-05-09



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