GRA 6631 Economic Policy
The course aims at providing students with a knowledge and understanding of traditional tools for economic policy – e.g. monetary and fiscal policy but will also provide knowledge of key economic policies for sustainable development. The environmental issues and inequality will be given particular emphasis.
By the end of the course, students will know
- the tradeoffs faced by a central bank when deciding key policy rates and the gains from commitment.
- what is needed for public debt to be sustainable and long-run consequences of fiscal policy.
- theories of environmental policy instruments
- key aspects of inequality and policies for redistribution
Students will be able to:
- analyze monetary and fiscal policy using advanced macroeconomic models.
- analyze key aspects of sustainability using economic theory
This course should lead students to reflect about the forces that influence the economy as a whole and how policy will affect outcomes.
The course consists of four parts:
- Monetary policy
- Fiscal policy
- Environmental economics
- Economic inequality
Complementary learning tools will be used during the course. There will be tutorials with exercises in addition to lectures.
Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on the course homepage/It's learning or text book.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
|Exam category||Weight||Invigilation||Duration||Support materials||Grouping||Comment exam|
Form of assessment:
Examination when next scheduled course
|100||Yes||3 Hour(s)||Individual||Written examination under supervision|
|Form of assessment:||Written submission|
|Support materials:|| |
|Comment:||Written examination under supervision|
|Exam code:||GRA 66311|
|Resit:||Examination when next scheduled course|
Prepare for teaching
Individual problem solving
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.