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Duration
Identical coursesMacroeconomics (B-KUL-D0N88A)
Cannot be taken as part of an examination contractAims
Upon completion of this course, the student is able to:
• describe and explain macroeconomic developments.
• analyse macroeconomic problems within the context of an appropriate model.
• make policy recommendations in response to such problems.
• participate in macroeconomic discussions in a qualified manner.
• handle data sources and manipulate macroeconomic data.
• practise data collection and data manipulation in Excel.
• apply some of the theoretical concepts learned during the ifrst part of the course.
Previous knowledge
Basic knowledge of economics is required (e.g. S0A25A Economics/D0N62A Economics).
Is included in these courses of study
- Master in de beleidseconomie (programma voor studenten gestart vóór 2022-2023)(Leuven) 60 ects.
- Courses for Exchange Students Faculty of Economics and Business (Leuven)
- Voorbereidingsprogramma: Master in de economische wetenschappen / Master of Economics (Leuven) 60 ects.
- Master in de beleidseconomie (programma voor studenten gestart in 2022-2023 of later) (Leuven) 60 ects.
Activities
2 ects. Macroeconomics: Data Assignment (B-KUL-D0N88a)
Content
Students solve a data assignment.
The data assignment has the following content:
• Using databases to retrieve macroeconomic time series.
• Manipulating these time series.
• Applying certain theoretical concepts discussed in the lecture course.
Course material
Learning material on Toledo.
Format: more information
Data assignment.
4 ects. Macroeconomics (B-KUL-D0R71a)
Content
THE SHORT RUN
- Basic concepts
- The goods market
- Financial markets
- Goods and financial markets: IS-LM model
- IS-LM model in an open economy
- Output, the interest rate and the real exchange rate
THE MEDIUM RUN
- The labour market
- Putting all markets together: AS-AD model
- The Phillips Curve, the natural rate of unemployment and inflation
- Inflation, money growth and the real rate of interest
THE LONG RUN
- Saving, capital accumulation and output
- Technological progress and growth
EXTENSIONS (time permitting)
- Saving, capital accumulation and output
- Technological progress and growth
- The crisis
- High debt
Course material
Used course material:
- Olivier Blanchard, Francesco Giavazzi, Alessia Amighini, 'Macroeconomics: A European Perspective', Pearson Prentice Hall.
- Additional material via TOLEDO.
Toledo is being used for this learning activity.
Format: more information
Weekly lectures, optional homework assignments and optional mock exam on Toledo.
Is also included in other courses
Evaluation
Evaluation: Macroeconomics (B-KUL-D2N88a)
Explanation
Features of the evaluation
The written exam is closed book: thirty multiple-choice questions (1 point for a correct, - 1/3 point for a wrong and 0 points for a blank answer). Only non graphing calculator allowed,
*The deadline of the Data Assignment will be determined by the lecturer and communicated via Toledo.
Determination of final grades
*The grades are determined by the lecturer as communicated via Toledo and stated in the examination schedule. The result is calculated and communicated as a whole number on a scale of 20.
*The final grade is a weighted score: the Data Assignment counts for 30% of the final grade and the final exam counts for the other 70% of the final grade.
*If the set deadline of the Data Assignment was not respected, the grade for this assignment will be a 0-grade in the weighted score, unless the students asked the lecturer to arrange a new deadline. This request needs to be motivated by grave circumstances.
*If the student does not participate in one (or more) of the partial evaluations, the grades of these partial evaluations will be a 0-grade in the weighted score.
Second examination opportunity
*The features of the evaluation and determination of the grades are similar to those of the first examination period, as described above. The grade attained on Data Assignment at the first examination opportunity will be transferred to the second examination opportunity.