English   Danish

2011/2012  KAN-OECON_OE33  Macroeconomic Forecasting

English Title
Macroeconomic Forecasting

Course Information

Language English
Point 7,5 ECTS (225 SAT)
Type Elective
Level Full Degree Master
Duration One Semester
Course Period Autumn
Time Table Please see course schedule at e-Campus
Max. participants 50
Study Board
Study Board for MSc in Advanced Economics and Finance
Course Coordinator
  • Mauricio Prado - Department of Economics
Mauricio Prado - mp.eco@cbs.dkSecretary Rikke Glahn - rg.eco@cbs.dk
Main Category of the Course
  • Economics, macro economics and managerial economics

Taught under Open University-Taught under open university.
Last updated on 29 maj 2012
Learning Objectives
Students are required to:
  • understand different models of short-run uctuations in macroeconomics and give an account for different assumptions and predictions of the models
  • understand different models of consumption, investment, and unemployment and give an account for different assumptions and predictions of the models
  • understand and explain different empirical techniques used to test the different models
  • understand and explain models of forecasting of macroeconomic fluctuations
Prerequisite
Students are expected to have a basic understanding of macroeconomics and calculus/statistics.
Examination
Four hour written exam
Four hour written exam :
Assessment Written Exam
Marking Scale 7-step scale
Censorship No censorship
Exam Period Winter Term
Aids Open Book, Written Aid is permitted
Duration 4 Hours
Course Content

The course has a duration of 13 weeks (weeks 36-48) and is composed of 15 two-hour sessions.
Most of thesessions are lectures, but in some weeks, the class activities will include student presentations and exercises.
Macroeconomic forecasting is studied by constructing and using quantitatively based macroeconomic models.
First, theories of business cycles are studied. The focus there is on different underlying reasons for fluctuationsto be generated. The second part of the course focuses on determinants of consumption, investment, andunemployment.
During the course the students are required to hand in 4 problem sets.

Teaching Methods
The course has a duration of 13 weeks (weeks 36-48) and is composed of 15 two-hour sessions.
Most of sessions are lectures, but in some weeks, the class activities will include student presentations and exercises.

Literature

Romer, David (2012 - 4th edition), Advanced Macroeconomics, McGraw-Hill