ECN222 Macroeconomics II - Models and Policy

Credits (ECTS):10

Course responsible:Erlend Dancke Sandorf

Campus / Online:Taught campus Ås

Teaching language:Norsk

Course frequency:Annually

Nominal workload:250 hours

Teaching and exam period:This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel.

About this course

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.
  • Have specific knowledge of 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" .

General competence

  • Candidates shall be able to communicate core macroeconomic topics, models and questions to others.
  • The course combines lectures, exercises, class discussions, and own study of an assigned curriculum. 
  • ECN120 Macroeconomics I - Markets, Economic Development, and Welfare and ECN122 Macroeconomics I - Policies for Economic Growth, Welfare, and Economic Crisis Management or similar course.
  • Final written in-class examination (3 hours) accounts for 100% of the grade.

  • External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
  • Students must submit and obtain pass grade for 6 of 8 assignments. The mandatory activity is valid until the next time the course is given and the ensuing continuation exam.
  • Tentative 2 hours of lectures and 2 hours of  exercises per week.
  • Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).