Course code ECN222

ECN222 Intermediate Macroeconomics

Norsk emneinformasjon

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Showing course contents for the educational year 2019 - 2020 .

Course responsible: Ragnar Arnljot Øygard
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: EN, NO
(NO=norsk, EN=Engelsk)
Teaching exam periods:
2019: This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
Course frequency: Autumn parallel 2019 - Thereafter annually in the spring parallel from 2021. The course will not be offered in 2020.
First time: Study year 2013-2014
Course contents:
Business cycle analysis, stabilization policy and economic growth. These are discussed in the context of current Norwegian and international economic issues.
Learning outcome:

Candidates from the course shall know core macroeconomic topics, questions, models, such as Keynesian multiplier models, the IS-RR-PK model for closed and open economies, growth models (especially the Solow growth model) and models to explain financial crises.  

Candidates shall be able to use these models for doing critical analyses of current macroeconomic issues, including assessing the consequences of macroeconomic changes for firms and individuals.

Candidates shall be able to analyse economic policy and economic reports, such as "Parliamentary White Papers" .

Candidates shall be able to communicate core macroeconomic topics, models and questions to others.

Learning activities:
The course combines lectures, exercises, class discussions, and own study of an assigned curriculum. 
Parts of: Blanchard, Amighini & Giavazzi (2017) Macroeconomics: A European Perspective (3rd.ed.) or Holden, Steinar (2016): «Makroøkonomi» (1. utg.)  and additional articles. A complete curriculum will be handed out at the start of the course.
ECN120 Introduction to Macroeconomics, part I and ECN122 Introduction to Macroeconomics, Part II or similar course.
Recommended prerequisites:
Mandatory activity:
Students must submit and obtain pass grade for 1 assignment  (in addition to the exercises that are included in the assessment). Passed compulsory activities are valid for 18 months.

Continuous assessment:

Written exercises (40%)

Written final exam in the exam period, 3 hours (60%)

Nominal workload:
300 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
Reduction of credits:
ECN220 Economics II - 5 ECTS
Type of course:
2  hours of lectures and 2 hours exercises per week.

ECN222 will not be offered in 2020. After 2019, next time it will be offered is spring 2021. 

The course is in English if there are one or more international students. Incoming students can contact student advisors at the School of Economics and Business ( for admission to the course.

External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Allowed examination aids: B1 Calculator handed out, no other aids
Examination details: One written exam: A - E / F