Admission requirements
Required course(s):
- Principles of Economics
Description
Macroeconomics is about aggregates, employment, inflation, economic growth; it is about the economy as a whole. The major actors in the policies concerning these aggregates are governments and central banks, and the playing field is made up of several institutions, such as financial markets, labour markets, policymaking arena’s and so on. The study of macroeconomics provides both the theoretical framework to study the economy as a whole as the instruments to discuss economic policies that are used to achieve the policy goals, such as full employment, price stability, stable growth among others.
In this course, we will analyze the three major themes in macroeconomics in both the short term and the long term framework. We will introduce and use the standard macroeconomic tools to discuss the economic policies that governments and central banks use to achieve the goals. To get a sharper judgment on the policies, we will also discuss alternative approaches
Course Objectives
Upon completion of this course, students will be able to:
Explain the underlying concepts of economic output, employment, and inflation.
Analyze how an economy grows in a long run, applying basic growth theories.
Identify the link between output, employment, and inflation in the short run.
Demonstrate how fiscal and monetary policy may stabilize the economy against short run business cycle and identify their policy limitations and trade-offs.
Evaluate different approaches to macroeconomic
Timetable
Timetables for courses offered at Leiden University College in 2024-2025 will be published on this page of the e-Prospectus.
Mode of instruction
The course uses a variety of teaching methods: interactive lecturing, assignments, student presentations, class debate and is written intensive.
Assessment Method
Summaries and questions : 10%
Presentation : 10%
Final Exam : 40%
Book review : 20%
Peer reviews (2) : 10%
Class participation: 10%
Reading list
- William Mitchell, L. Randal Wray, Martin Watts, Macroeconomics. Macmillan International, 2019
And one of three titles to be announced at the beginning of the course.
Registration
Courses offered at Leiden University College (LUC) are usually only open to LUC students and LUC exchange students. Leiden University students who participate in one of the university’s Honours tracks or programmes may register for one LUC course, if availability permits. Registration is coordinated by the Education Coordinator, course.administration@luc.leidenuniv.nl.
Contact
Dr. Joop de Kort, j.f.dekort@law.leidenuniv.nl
Remarks
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