DEC-22306 Macroeconomics & Policy

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Studiepunten 6.00

OnderwijstypeContacturen
Lectures24
Literature study
Problem-based learning12
Tutorial6
Course coordinator(s)dr. JG Klomp
Lecturer(s)dr. JG Klomp
Examiner(s)dr. JG Klomp

Language of instruction:

Dutch

Assumed knowledge on:

Economics B (ECH-10406), Macroeconomics and International Trade (DEC-21806)

Continuation courses:

Microeconomics (ECH-21806), Spatial and Regional Economics (ECH-21306), Public Finance (ENR-22306), Environmental Economics in Practice (ENR-50806)

Contents:

This course deals with the subject of macroeconomics for a closed economy. It establishes the major determinants of national income, unemployment, and inflation and investigates the policies that can improve the macroeconomic performance of a national economy. The focus is on both theory and policy. Topics are: how can we stabilise the short-run fluctuations of an economy? How can we promote economic growth? How can we fight inflation, or reduce unemployment? In addition, the course deals with the major social-economic problems and recent developments of the Dutch economy and a number of related government policies, all within a European setting.

Learning outcomes:

After successful completion of this course students are expected to be able to understand and apply the basic principles of macroeconomics of a closed economy. In particular they are expected to be able to:
- measure (in a conceptual way) national income, inflation, and unemployment;
- employ the Keynesian model, the Classical model, and the Solow model for studying the business cycle and economic growth;
- analyze the effects of fiscal policy and monetary policy in both the short and the long run;
- understand the role of money and the sources of inflation;
- understand the money market;
- apply the principles of macroeconomics to recent debates about the Dutch economy such as the economic consequences of the ageing population.

Activities:

Hearing lectures on the course materials. Practicals in which students make exercises on the course materials and write and present a paper.

Examination:

Participation of the practicals and written exam.

Literature:

Mankiw, N.G., and M.P. Taylor Macroeconomics, European Edition Worth Publishers, 2008.

OpleidingFaseSpecialisatiePeriode
Verplicht voor: BEBEconomics and GovernanceBSc6MO