The course consist of three parts: 1. Business cycle analysis and stabilization policy 2. Economic growth 3. Topics of special current interest, e.g. inflation targeting, the zero lower bound on the interest rate, and the Eurozone crisis.

Candidtates from the course shall know core macroeconomic models, such as: *Keynesian multiplier models. *IS-LM-BP, including the Mundell-Fleming model. *AD-AS *The Solow growth model and newer growth theory. Candidates should be able to use these models for - analysing macroeconomic issues, and consequences of macroeconomic changes for firms and individuals. - analysing economic policy and economic reports such as "Parliamentary White Papers" and NOU-reports

The course combines lectures, exercises,  class discussions, as well as a comprehensive web site with links to economic literature.

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Selected parts of: Blanchard, Olivier m.fl. "Macroeconomics. A European Perspective" (newest edition) plus suplementary material.

ECN120 and ECN122 or similar course

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Written exam 3 hours. 

300 hours

Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)

ECN220 - 5 stp

2*2 hours of lectures and exercises per week.

A similar course in "intermediate macroeconomics" is offered in many universities in Norway and internationally.

External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.