Learning Outcomes
After completing the course the students should be able to:
- Describe the function of goods, money and labor markets. (1)
- Discuss savings and investment in an open economy. (2)
- Explain and discuss the business cycle. (3)
- Describe and use the IS-LM model. (4)
- Explain Philip’s curve. (5)
- Explain stabilization policy in the form of fiscal and monetary policy. (6)
- Discuss the macroeconomic development in different countries. (7)
- In a written report present and discuss problems and solutions to a macroeconomically relevant question. (8)
Course Content
The purpose of the course is to present an integrated overview of different sectors of the economy. In addition, macroeconomic development is highlighted by examples from recent economic trends and policy measures. The longterm perspective includes a discussion of growth theory, while theories of the business cycle describe shortterm fluctuations in economic activity.
The course gives an international perspective on macroeconomic issues with a specific emphasis on data from European countries.
Assessment
The examination consists of a written examination equivalent to 6 credits(U-VG) which examines learning outcomes 1-7 and a written report corresponding to 1.5 hp (U-G) which primarily examines learning outcome 8.
Forms of Study
The course consists of lectures and work with a written report.
Grades
The Swedish grades U–VG.
Prerequisites
- Microeconomics - Undergraduate Course 7,5 credits
- Introductory Macroeconomics - Undergraduate Course, 7,5 credits
Other Information
The maximum number of exam occasions is five.
Replaces NA1015.