Economics - M - Applied Monetary Macroeconomics


General information

Course name Applied Monetary Macroeconomics
Course type Lecture
Course code 500014
Course coordinator Maik Wolters
Faculty Faculty of Business, Economics and Social Sciences
Examination office Faculty of Business, Economics and Social Sciences
Short summary Empirical work and policy simulations including the measurement and modeling of business cycles and inflation and the effects of monetary and fiscal policy.

Information about study level

Study level Master
Also possible for Doctor

Information about credit points, evaluation and frequency

Evaluation Final exam and a term paper
Frequency Winter term

Information about teaching language

Teaching language English
Minimum language requirement B1
Further information on the teaching language B2; sound knowledge of English required

Information about requirements

Recommended requirements This is a course for advanced Master students. There are no strict prerequisites for attending, but I recommend taking an advanced Macroeconomics course in advance and you should have a basic knowledge of econometrics.

Information about course content, reading list and additional information

Course Content This course focuses on three core macroeconomic variables: output, inflation and the interest rate. We will study the linkages between those three variables in the short-run, i.e. we focus on business cycles rather than on growth analysis. Specific attention will be given to how monetary and fiscal policy can influence inflation and output. We will discuss various empirical approaches and macroeconomics models. Students will learn how to conduct empirical analysis using Matlab and Eviews and how to work with macroeconomic models using Matlab and Dynare.
Reading list Will be made available
Additional information