Economics: Advanced Macroeconomic Analysis

<p>The course deepens your understanding of macroeconomics by building modern New Keynesian models from the ground up. You learn how these models are constructed, applied, and critically assessed in relation to real-world policy challenges.</p><p>The course provides an in-depth study of modern macroeconomics with a focus on New Keynesian models and their microeconomic foundations. You learn how these models are derived and how they can be extended to include heterogeneity among households and firms. You get to understand how the models can be applied to analyse real economies. We also introduce alternative approaches and discusse their respective strengths and weaknesses. </p><p>Economic policy is analysed through the lens of these models, connecting theory to real-world events. We study historical and contemporary examples of economic crises, recovery phases and periods of policy reform. Thereby, you learn to evaluate how fiscal and monetary policies interact and evolve. We also explore how ongoing structural changes such as digitalisation influence economic behaviour and the design of policy. </p><p>Through exercises and applied tasks, you analyse typical macroeconomic situations using both short- and long-term perspectives. The course develops the ability to understand, apply and critically assess macroeconomic models, preparing students for advanced policy analysis and research.</p><p> </p><p> </p>