EPN

ØASØK4000 Macroeconomic Policy Course description

Course name in Norwegian
Makroøkonomisk politikk
Study programme
Masterstudium i økonomi og administrasjon
Weight
10.0 ECTS
Year of study
2020/2021
Curriculum
FALL 2020
Schedule
Programme description
Course history

Introduction

In macroeconomics, students try to understand the relationships between aggregate economic variables such as inflation, unemployment, income and production and why they vary. In this course, students will learn how economic policy such as monetary and fiscal policy can influence the macroeconomic situation. The course builds on Macroeconomics I. 

Required preliminary courses

None. 

Learning outcomes

Knowledge

The student has in-depth knowledge of

  • models that can be used to analyse economic policy
  • how cyclical fluctuations arise and how they can be counteracted through policy
  • how institutions can influence policies
  • financial crises
  • open economy, monetary unions

Skills

The student is capable of

  • explaining important relationships between macroeconomic variables
  • using models to analyse macroeconomic issues
  • analysing how macroeconomic policy can influence economic variables such as activity and inflation
  • assessing current economic policy

Content

  • Economic activity and inflation
  • Monetary policy
  • Fiscal policy
  • Open economies, exchange rates 
  • Cyclical fluctuations 
  • Institutions
  • Financial markets

Teaching and learning methods

Plenary lectures.

Course requirements

None.

Assessment

Written exam (four hours) is held at the end of the semester.

Permitted exam materials and equipment

Calculator (see separate regulations).

One dictionary (either first language-English/English-first language or English/English)

Grading scale

A grade scale with grades from A to E for pass and F for fail is used. 

Examiners

The exam papers are graded by one internal and one external examiner.