Learning Outcomes
On completion of the course, students will be able to:
- describe and discuss the basics of national accounts
- discuss the relationship between unemployment and inflation
- describe the determinants that affect economic development and growth
- describe the functioning of the labor market
- explain and use the Keynesian model to determine the general equilibrium
- explain and discuss the macroeconomic effects of fiscal and monetary policy.
Course Content
The course provides an introduction to macroeconomic theory and provides a good understanding of how the economy as a whole works. It mainly deals with unemployment, inflation and economic growth. During the course, knowledge of various macroeconomic concepts is acquired, mainly in a Swedish context. The course consists of two modules. The first module introduces the basic macroeconomic concepts and variables such as GDP, inflation and unemployment. The second module deals with economic growth, the Keynesian model, the Phillips curve and stabilization policy in the form of fiscal and monetary policy.
Assessment
- Mid-term Exam
- Written Exam
Grades
The grading scale used for the final course grade is U–VG.
To receive VG on the course, VG is required in module 2.
Grades are reported as follows:
- Basic concepts and macro variables - 1.5 Credits | U–G
- Macroeconomic models - 6 Credits | U–VG
Entry Requirements
- General entry requirements and Mathematics 3b or 3c or Mathematics C, Social Sciences 1b or 1a1+1a2, English 6
Other Information
Overlaps NA1032
This course cannot be counted towards the same degree along with courses that have equivalent content.
If the student has received a decision/recommendation granting study support from Dalarna University because of a disability, then the examiner has the right to offer an alternative examination arrangement. The examiner takes into account the objectives in the course syllabus when deciding whether the examination can be adapted in accordance with the decision/recommendation.