KTTS2130 Business Cycle Theory (5 cr)

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Study level:
Advanced studies
Grading scale:
0-5
Language:
English, Finnish
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2020-2021, 2021-2022, 2022-2023

Description

The course extends the knowledge of the functioning of the macroeconomy beyond the intermediate macroeconomy course. The course covers short-run business fluctuations beyond the standard ISLM model. It deals with topics like rational expectations, staggered price adjustment, history of macroeconomic thought, real-business cycles and Keynesian theories of economic fluctuation.

Learning outcomes

At the end of the course the student is expected to be able to:
apply main macroeconomic theories to understanding, diagnosing and solving economic problems
evaluate and comprehend the concept of rational expectations and apply rational expectations in macroeconomic scrutiny
analyze the reasons and outcomes of business cycle fluctuations using different business cycle models

Additional information

Ajoitus: 4. vuosi

Description of prerequisites

KTTA2160 Macroeconomics I and KTTA1110 Mathematical Economics I or equivalent

Literature

  • Sörensen, P.B. & Whitta-Jacobsen, H. J (2010). Introducing Advanced Macroeconomics. Growth & Business Cycles. 2nd edition.; ISBN: 139780077117863

Completion methods

Method 1

Evaluation criteria:
Tentti
Time of teaching:
Period 3
Select all marked parts

Method 2

Evaluation criteria:
Book exam
Time of teaching:
Period 1, Period 2
Select all marked parts
Parts of the completion methods
x

Teaching (5 cr)

Type:
Participation in teaching
Grading scale:
0-5
Language:
English, Finnish

Teaching

x

Exam (5 cr)

Type:
Exam
Grading scale:
0-5
Language:
English, Finnish

Teaching