Hopp til hovedinnhold

Macroeconomics MSB111

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.





Vekting (SP)


Semester undervisningsstart


Antall semestre






Learning outcome


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
  • Fiscal policy
  • Economic indicators
  • 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
Vurderingsform Vekting Varighet Karakter Hjelpemiddel
Written exam 1/1 4 Hours A - F Dictionary

Coursework requirements
Coursework requirements: Mandatory case assignment
Course teacher(s)
Course coordinator: Anders Lennart Åkerman
Study Program Director: Yuko Onozaka
Method of work

Lectures, guest lectures and case assignments.


-Regular lectures: 36 hours

-Mandatory case: 24 hours

-Independent study of course material: 105 hours

-Assignments: 105 hours

Total: 270 hours

Open for
Master in Accounting and Auditing Business Administration - Master of Science Business Administration - Master of Science (5 years)
Course assessment
Students will have the opportunity to give feedback on the course first in an early dialogue, and then in a written course evaluation at the end of the course.
Overlapping courses
Course Reduction (SP)
Macroeconomics (MØA111) 10
The syllabus can be found in Leganto