5.0 credits
30.0 h
2q
Teacher(s)
Bodart Vincent ;
Language
Français
Main themes
The main focus of the course is the analysis of the economic business cycle, that is the sucession over time of periods of expansion and periods of recession. The course is divided in two parts. The first part is devoted to the presentation of some important stylized facts about the economic business cycles in the advanced economies and to the analysis of the principal economic mechanisms that are considered to be at the origin of business cycle fluctuations.
In the second part, we will examine the tools and methodologies that are necessary to build a rigorous conjonc-tural analysis and to establish short-term macroeconomic forecasts
Aims
The course has two main objectives :
(1) analyze the principal economic mechanisms that are at the origin of business cycle fluctuations ;
(2) give students the tools and methodologies that are necessary to build a rigorous conjonctural analysis and to establish short-term macroeconomic forecasts.
The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
Content
Part I: Business cycles : definitions, stylized facts and et analysis
Chapter 1. Definitions of the business cycle
Chapter 2. The business cycle : empirical facts
Chapter 3. The dynamics of the business cycle
Chapter 4. The stabilization of the business cycle since 1980
Chapter 5. The international synchronization of business cycles
Part II. Conjonctural analysis
Chapter 1. Tools and methods
Chapter 2. The conjonctural diagnosis (analysis of recent economic developments)
Chapter 3. Short-term macroeconomic forecasting
A syllabus is available and a list of additional readings is provided.
Within Part II, the students will have to work by groups on a case study.
Other information
Undergraduate macroeconomics
Written exam + case study
Syllabus + slides + readings
None
Faculty or entity<
