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- Code:
- 31E23000
- Field:
- Macroeconomics
- Target:
- Master’s students
- Organiser:
- Aalto University
- Instructor:
- Laurence Malafry
- Period:
- Period 3
- Format:
- Lecture
- Method:
- Contact teaching
- Venue:
- Otaniemi campus
- Enrollment:
In case of conflicting information consider the Sisu/MyCourses pages the primary source of information.
Aalto, Hanken and UH economics students can enroll through their home university’s SISU. Further instructions are available on the How to enroll? page, also for students from other universities.
If you would like to count the credits towards your degree, please check your curriculum or contact your supervisor or student services for guidance.
- To access the course workspace, use all the features and participate in the activities (assignments, discussions), you must have successfully registered for the course in Sisu and logged in with your Aalto user ID.
- For more information on how to activate your Aalto user ID and register for a MyCourses course area, click here.
Content
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.
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.