Semester tution start
Language of instruction
Facts about economic aggregates and macroeconomic models. Particular attention is given to:
Economic growth and business cycles Monetary policy The current account of the balance of payments Employment and unemployment Exchange rates Economic effects of government budgets Financial crises
Throughout the course, continuous reference will be made to historical and current macroeconomic phenomena, from both a global perspective and with a special focus on Norway.
Upon completion of the course, the student should be able to:
Upon completion of the course, the student will have knowledge of
• basic macroeconomic models of economic growth, business cycle fluctuations, employment and
unemployment, inflation, budget deficits, national debt, and international macroeconomics involving exchange rate policy.
Upon completion of the course, the student will be able to
• describe the above-mentioned models and derive their implications;
• apply basic macroeconomic models to phenomena such as economic growth, current accounts, employment,
exchange rates, business cycle fluctuations, monetary policy, and budget deficits;
• analyze international aspects of macroeconomic policy and understand the role of international economic
• use various simplified models to analyse different problems;
• evaluate the feasibility of the assumptions behind different models, as well as their limitations, and create new
• analyze whether the implications of a model are more or less factually accurate;
• assess the feasibility of macroeconomic arguments in the public debate;
• create and communicate new potential solutions to contemporary macroeconomic challenges.
Required prerequisite knowledge
Form of assessment
Written assignments, Group presentation
Method of work
In this course, students will learn through a combination of traditional lectures, exercises, seminars, student
presentations, and individual study.
Assessment: The course is examined on the basis of a written examination, written assignments, and student presentations.
Master of Science in Accounting and Auditing
Business Administration - Master of Science
Business Administration - Master of Science (5 years)
Exchange programmes at UIS Business School
There must be an early dialogue between the course coordinator, the student representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital course evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.
The syllabus can be found in Leganto