ØAMAS5900 Master's Thesis Course description

The master's thesis is a final independent, limited research project that shall be based on the knowledge, skills and competence that the student has acquired during the programme. Preparations for work on the master's thesis should begin at an early stage of the programme, but the work starts in earnest in the third semester. A start-up meeting is held, and students have to submit a project description for their master's thesis. Each group of students is then assigned an academic supervisor. However, it is not uncommon for the students to have been in contact with one or more potential supervisors already during the preparation of the project 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.

None.

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

Plenary lectures.

None.

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

Calculator (see separate regulations).

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

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.