Course code ECN320

ECN320 Macroeconomics III

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Showing course contents for the educational year starting in 2018 .

Course responsible: Roberto Javier Garcia
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: EN
(NO=norsk, EN=Engelsk)
Limits of class size:
Teaching exam periods:
This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel.
Course frequency: Annually
First time: 2009H
Last time: 2019H
Preferential right:
Course contents:
The course is to emphasize open market macroeconomics, particularly external imbalances in the balance of payments, international capital mobility, exchange rates and exchange rate regimes (including optimal currency areas). General equilibrium analysis will also be featured to cover the relationship of various macroeconomic variables (aggregate demand, output, interest rates, exchange rates, inflation, employment, etc.).
Learning outcome:
Students should be able to use and apply economic models to analyze the consequences of macroeconomic imbalances (trade and capital flows) that result from changes in key macroeconoimc indicators (aggregate demand, aggregate supply, interest rates, exchange rates, inflation, etc.) and macroeconomic policy (fiscal policy and monetary policy).The course should give the student an appreciation of the economics underlying current international macroeconomic and financial problems, provide an understanding of the implications of monetary policy, choice of exchange rate regime, and liberalization of international capital and financial markets.
Learning activities:
Lectures with student - teacher interaction and seminars. Group or individual assignments on key theories and models.
Teaching support:
The teacher has office hours, and is available to discuss topics and assignment activities. The instructor is available during exercise sessions for consultations.
From Appleyard and Field, International Economics, McGraw-Hill, ISBN 0-07-231514-8 to Krugman, Obstfeld and Melitz, International Economics: Theory and Policy, Pearson Education Limited, ISBN 10:1-292-01955-7. Plus a selection of book chapters and journal or newspaper articles. A reading list will be provided at the start of the semester. All course info available at:
Bachelor´s degree in economics or an intermediate course in macroeconomics at the level of ECN222 Intermediate Macroeconomics. Bachelor's Level course in economics can be useful.
Recommended prerequisites:
ECN302 Mathematics for economists
Mandatory activity:
Collection of macroeconomic indicators for country casework in groups. Presentation of collected data. Exercise problem sets to be worked in groups or individually.
Written examination, 3,5 hours (100%)
Nominal workload:
300 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
Type of course:
4 hours per week for lectures and exercises.
An external examiner will examine the curriculum, examination sets and exam assessment guide.
Allowed examination aids: B1 Calculator handed out, no other aids
Examination details: One written exam: A - E / Ikke bestått