Kies de Nederlandse taal
Course module: 30L202-B-6
Intermediate Macroeconomics: Dynamic Models and Policy
Course info
Course module30L202-B-6
Credits (ECTS)6
CategoryBA (Bachelor)
Course typeCourse
Language of instructionEnglish
Offered byTilburg University; Tilburg School of Economics and Management; TiSEM: Economics; Economics;
Is part of
B Economics and Business Economics
B Economics
Contact persondr. B.J.A.M. van Groezen
drs. H.J. van Buggenum
Other course modules lecturer
Coordinator course
dr. B.J.A.M. van Groezen
Other course modules lecturer
dr. B.J.A.M. van Groezen
Other course modules lecturer
R.V. Jaimes Bonilla
Other course modules lecturer
dr. F.J.T. Sniekers
Other course modules lecturer
Academic year2019
Starting block
SM 1
Course mode
Registration openfrom 19/08/2019 up to and including 24/01/2020
The goal of this course is to further develop the student’s macroeconomic way of reasoning, with special attention for dynamic policy issues at an intermediate level. At the end of the course, the student
  • can apply the dynamic aggregate supply and demand model to current topics and analyse the macroeconomic effects of fiscal and monetary policies,
  • can explain and analyze how politicians can influence the economy based on their own preferences, possibly leading to socially suboptimal outcomes,
  • can explain and analyze how governments can influence the economies of other member countries in a monetary union,
  • can explain and analyze the dynamics of public debt,
  • can explain and analyze the real and monetary effects of economic crises,
  • can use the model of real business cycles to explain economic fluctuations,
  • can explain the distinction between the main schools of macroeconomic thought,
  • can make economically sensible team policy decisions in an interactive environment, report and defend the implemented policies, and criticize the decisions of others.
Recommended Prerequisites: Macroeconomics 1, Macroeconomics 2, Mathematics 1, Microeconomics 1
  • Booms and recessions: static+dynamic aggregate supply and demand, fiscal and monetary policy
  • Endogenous economic policy: political business cycles, policy games, time inconsistency trap
  • Budget deficits and public debt: dynamics, sustainability, stabilization policies
  • Sticky prices and sticky information: new Keynesian responses
  • Real business cycles, microfoundations of macroeconomic models
Course available for exchange students
Conditions of admission apply
Timetable information
Intermediate Macroeconomics: Dynamic Models and Policy
Written test opportunities
Written exam (70%) / Written exam (70%)EXAM_01SM 1221-01-2020
Written test opportunities (HIST)
Written exam (70%) / Written exam (70%)EXAM_01SM 1119-12-2019
Required materials
The course manual will be available on Canvas before the course starts.
The fourth edition (2013) can also be used.
Title:Macroeconomics (2016)
Author:M. Gaertner
Recommended materials
The reader on the simulation game will be made available on Canvas.
Written exam (70%)

Final grade

SIER game paper+discussion (30%)

Kies de Nederlandse taal