In case of conflicting information consider the Sisu/MyCourses pages the primary source of information.

Overview

Formulation and use of New Keynesian models for policy making and analysis, role of financial and labor markets in macroeconomic fluctuations, the Great Recession and the problem of very low interest rates, theory of fiscal and monetary policy, analysis of long-term growth and development.

Teaching

  • Completion method: contact teaching
  • Schedule: can be found in Sisu
  • Study materials: can be found in MyCourses
    • To be able to access the course workspace you must have registered for the course successfully in Aalto’s Sisu
    • Log in with your Aalto username to be able to use all the features of the course workspace

Please register for the course in the Aalto Sisu with your Aalto username. Further instructions (link to be added here later).

University-specific instructions

    • Code: 31E23000

    • Target groups: MSc (not suitable for PhD students)

    • Credit points: 6

    • Code: 26038

      • can be also used to substitute the mandadatory course 26042 Applied Macroeconomics, 5 cr

    • Target groups: MSc (not suitable for PhD students)

    • Credit points: 5-6

    • Credit transfer: apply for substitution in Sisu

    Further instructions (link to be added here later)

    • Code: no equivalent code

      • can be included in module ECOM-600 Career Orientation Studies (5 - 15 cr)

    • Target groups: MSc / rMSc (not suitable for PhD students)

    • Credit points: 6

    • Credit transfer: apply for substitution in Sisu

    Further instructions (link to be added here later)

    • Not suitable for PhD students

Learning outcomes

The course develops central areas of macroeconomic theory that are useful for analysis and discussion of policy making. The policy topics covered include foundations of unconventional monetary policies e.g. quantitative easing, the role of financial markets in the recent crisis, current problems and topics in the Euro area and issues in long-term economic growth. Students learn the motivations for policy analysis, become familiar with current policy concerns and acquire analytical skills for assessing these problems.