Economics, Macroeconomics, Intermediate Course, 7.5 credits

Learning outcomes

On completion of the course, the student shall

• have deeper knowledge of macroeconomic theory with focus on short-term and medium-term fluctuations
• understand models that describe an open as well as a closed economy in both the long run and in the short run
• have the ability to analyse macroeconomic issues using relevant basic macroeconomic models
• demonstrate skills in terms of written and oral presentation of short-term macroeconomic fluctuations.

Content

• Intertemporal substitution
• Wage setting and unemployment, the Phillips curve
• IS-LM model
• Monetary policy
• Fiscal policy
• The open economy – the Mundell-Fleming model

Examinations and grades

Macroeconomics, Written Examination, 6 credits (Code: A001)
Grades used are Fail (F), Sufficient (E), Satisfactory (D), Good (C), Very Good (B) or Excellent (A).

Macroeconomics, Assignment, 1.5 credits (Code: A002)
Grades used are Fail (U) or Pass (G).

According to the Higher Education Ordinance, Chapter 6, Section 18, a grade is to be awarded on the completion of a course, unless otherwise prescribed by the university. The university may determine which grading system is to be used. The grade must be determined by a teacher specifically nominated by the university (the examiner).

In accordance with university regulations on grading systems for first and second-cycle courses and study programmes (Vice-Chancellor’s decision ORU 2018/00929), one of the following grades is to be used: fail (U), pass (G) or pass with distinction (VG). For courses included in an international master’s programme (60 or 120 credits) or offered to the university’s incoming exchange students, the A to F grading scale is to be used. The vice-chancellor, or a person appointed by them, may decide on exceptions from this provision for a specific course, if there are special grounds for doing so.

The grades used on this course are Fail (F), Sufficient (E), Satisfactory (D), Good (C), Very Good (B) or Excellent (A).

Comments on grades

To obtain a passing grade for the course as a whole, a minimum of grade E is required for the written examination and a passing grade on the assignment. The course grade is then awarded based on the written examination.

Modes of assessment

Written Examination, 6 credits (Code: A001)
Written Assignment, 1.5 credits (Code: A002)

Any supplementary work required to fulfill the standards for the grade Pass (G) (code A002) must be completed as instructed by the instructor.

For students with a documented disability, the university may approve applications for adapted or other modes of assessment.

For further information, see the university's local examination regulations.

Specific entry requirements

Successful completion of at least 22.5 credits on the course Economics, Basic Course, 30 Credits, including Microeconomics, 7.5 credits and Macroeconomics, 7.5 credits.
12 credits on the course Basic Statistics, 15 credits and 3 credits on the course Data Mining and Business Analytics, Basic Course
alternatively
12 credits on the course Basic Statistics, 15 Credits and 1.5 credits on the course Statistics, Regression Analysis, Basic Course, 7.5 Credits.

For further information, see the university's admission regulations.

Other provisions

The course will be given in English.

Students who have been admitted to and registered on a course have the right to receive tuition and/or supervision for the duration of the time period specified for the particular course to which they were accepted (see, the university's admission regulations (in Swedish)). After that, the right to receive tuition and/or supervision expires.

Reading list and other learning resources

Required Reading

Gottfries, Nils (2013)
Macroeconomics
London: Palgrave Macmillan, ISBN/ISSN: 978-0-230-27597-3

Additions and Comments
Articles distributed by the teacher.