Course code ECN222

ECN222 Macroeconomics II - Models and Policy

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Showing course contents for the educational year 2022 - 2023 .

Course responsible: Ragnar Arnljot Øygard, Erlend Dancke Sandorf
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: EN, NO
(NO=norsk, EN=Engelsk)
Teaching exam periods:
This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel.
Course frequency: Annually
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-PC model for closed and open economies, growth models 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. 
Syllabus:
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.
Prerequisites:
ECN120 Macroeconomics I - Markets, Economic Development, and Welfare and ECN122 Macroeconomics I - Policies for Economic Growth, Welfare, and Economic Crisis Management or similar course.
Recommended prerequisites:
Mandatory activity:
Students must submit and obtain pass grade for 6 of 8 assignments. Passed compulsory activities are valid for 18 months.
Assessment:
Final written in-class examination (3 hours) accounts for 100% of the grade.
Nominal workload:
250 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
Type of course:
Lectures 4 hours per week for  first 4 weeks.  Thereafter 2 hrs of lectures + 2  hours of  exercises per week.
Note:
The course will be offered in English if one or more international student(s) choose to take the course. Incoming students can contact student advisors at the School of Economics and Business (Studieveileder-hh@nmbu.no) for admission to the course.
Examiner:
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: Written exam: Letter grades