This course considers economic theory, quantitative methods and empirical insights relevant for the analysis of key macroeconomic issues such as i) business cycles, ii) sustainable growth and management of national wealth, iii) macroeconomic policy and iv) international macroeconomics and trade. A particular feature of the course is its applied focus, highlighting the interaction between global macroeconomic developments, financial markets and the corporate sector.
Course description for study year 2021-2022. Please note that changes may occur.
Upon completion of the course, students will have knowledge of:
Relevant concepts, theories and empirics on major topics in modern macroeconomics such as business cycles, sustainable growth and national wealth, macroeconomic policy and international macroeconomics and trade.
Critical reflections on how to apply the various theories and concepts to various macroeconomic questions relevant for policy makers as well as the corporate world.
After completion of this course, students will be able to:
Analyze macroeconomic questions based on relevant models and methods
Collect and analyse macroeconomic data to evaluate model predictions and to obtain insights about macroeconomic developments.
Discuss and present macroeconomic insights to a broad audience.
Macroeconomic prospects domestically and globally
The interaction between financial markets and macroeconomic developments
The decomposition of real GDP in trend and business cycles, impulse and propagation mechanisms
Quantitative analysis of business cycles: Decomposition of cycles vs. trend (HP-filter), seasonal adjustments, trend forecasts
Monetary policy and interest rate setting
Consumption and saving
Aspects of economic growth, national wealth, sustainability and growth
Capital mobility, current account dynamics, financial (im-)balances
Aspects of international trade
Fiscal policy and the management of petroleum wealth
Required prerequisite knowledge
Eksamen / vurdering
A - F
Coursework requirements: Mandatory case assignment