ØASØK4000 Macroeconomic Policy Course description

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.

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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

The student must have passed all exams in the first and second year of the programme. 

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The teaching takes place with physical attendance on campus, and is based on student-centered learning methods and alternates between lectures, group work, discussion and reflection tasks, as well as preparation, implementation, and analysis of the students' fieldwork.

To be eligible to take the exam, the student must have the following coursework/mandatory activity approved by the specified deadline:

• Coursework 1.Fieldwork

Completion of 4 hours of fieldwork in a school after the research question has been approved.

Each student is responsible for registering for and attending the fieldwork, as well as staying informed about the meeting time and contact person. If the fieldwork is not completed, an extensive alternative assignment will be required as compensation for the absence. Failure to fulfill the required coursework will result in the student losing the right to take the exam.

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

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

Grade scale A-F.