DRE 7028 Monetary Economics

DRE 7028 Monetary Economics

Course code: 
DRE 7028
Department: 
Economics
Credits: 
4
Program of study: 
Doktorgradsstudium
Course coordinator: 
Hilde Christiane Bjørnland
Product category: 
PhD
Portfolio: 
PhD Economics courses
Semester: 
2020 Spring
Active status: 
Active
Teaching language: 
English
Course type: 
One semester
Introduction

Norges Bank and BI Norwegian Business School are organizing a joint PhD course in Monetary Economics. The course is registered with Department of Economics at BI. Guest lecturer will be: Professor Lawrence Christiano, Northwestern University. The course will be hosted by Norges Bank over the period January 13-17, 2020. 

Learning outcomes - Knowledge

After taking this course the students should have a solid knowledge on the standard New Keynesian model and on how to incorporate financial frictions into New Keynesian models. The students should master and be able to produce research on issues related with monetary policy.

Course content

1. The simple New Keynesian DSGE Model
2. Estimation of DSGE models
3. Financial frictions originating inside and outside the banking sector
A detailed syllabus is available here: http://faculty.wcas.northwestern.edu/~lchrist/course/Oslo_2020/syllabus....

Teaching and learning activities

The course will we taught in 4 intensive modules. Each module consists of 5 hours. Students are required to participate in class – both in discussions and by presenting models/material from the reading lists – as well as solve and hand in solutions to exercises and problems.

Software tools
Matlab
Qualifications

Enrollment in a PhD programme is a general requirement for participation in PhD courses at BI Norwegian Business School.
External candidates are kindly asked to attach confirmation of enrollment in a PhD programme when signing up for a course. Other candidates may be allowed to sit in on courses by approval of the course leader. Sitting in on a course does not permit registration for the course, handing in exams or gaining credits for the course. Course certificates or confirmation letters will not be issued for sitting in on courses.

Required prerequisite knowledge

Students are expected to be familiar with the standard New Keynesian model at its basic level. Admission to a PhD Program is a general requirement for participation to a PhD course. External candidates are kindly asked to attach confirmation of admission to a PhD program when signing up for a course with the doctoral administration. Candidates can be allowed to sit in on courses by approval of the course leader. Sitting in on courses does not permit registration for courses, handing in exams or gaining credits for the course. Course certificates or confirmation letters will not be issued for sitting in on courses.

Exam categoryWeightInvigilationDurationGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
DRE70281
Grading scale:
Pass/fail
Grading rules:
Internal and external examiner
Resit:
Examination when next scheduled course
100No 1 Month(s)Individual An individual assignment consistent of maximum 10 pages (plus references and appendix). The final grade is pass/fail.
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:No
Grouping (size):Individual
Duration: 1 Month(s)
Comment:An individual assignment consistent of maximum 10 pages (plus references and appendix). The final grade is pass/fail.
Exam code:DRE70281
Grading scale:Pass/fail
Resit:Examination when next scheduled course
Type of Assessment: 
Ordinary examination
Total weight: 
100
Sum workload: 
0

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 4 ECTS credit corresponds to a workload of at least 110 hours.