Table of contents

The course is connected to the following study programs

Teaching language

Norwegian

Recommended previous knowledge

SE-104 Introduction to Economic Thought and Ethics or equivalent.

For single course students, this course (or equivalent) is required for admission.

Learning outcomes

Upon successful completion of this course the student should be able to demonstrate:

  • Insights in central macroeconomic objectives and concepts.
  • Describe central macroeconomic relationships.
  • Find relevant macroeconomic data and indicators.
  • Analyze macroeconomic questions through graphs and equations of macroeconomic models.
  • Understand how demand shifts impact production through multiplier effects (theory).
  • Analyze how financial and monetary policies can influence output and employment in open economies with flexible exchange rate.
  • Understand how financial and monetary policies may reduce business cycles.
  • Account for how small open economies may be influenced by international shocks.
  • Describe the relation between unemployment and inflation.
  • Be aware of fundamental conflicts of interest and conflicting objectives in economic policies.
  • Be informed about the most important Norwegian and international institutions that influence macroeconomic functioning.

Contents

This course explores central macroeconomic concepts and analysis of macroeconomic problems, particularly analysis of the effects on production and employment as a result of changes in monetary and fiscal policies or international shocks.

Topics include:

  • National accounts.
  • Other macro data sources.
  • The business cycle.
  • Production and income in the short run.
  • Analysis of changes in demand (Keynes model).
  • IS-PK-RR model
  • Phillips curve.

Teaching and learning methods

Lectures and team work 5 hours per week. Guest lecture about financial markets, financial and debt crises in an international perspective. Expected student workload is about 200 hours.

Examination requirements

Approved compulsory assignments. Further information will be given in Canvas at the start of the semester.

Examinations

4 hour written examination with letter grade.

Student evaluation

The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.

Offered as a free-standing course

Yes. Subject to availability or capacity.

Admission Requirement if given as a free-standing course

SE-104 Introduction to Economic Thought and Ethics or equivalent.

Admission for external candidates

No

Reduction of Credits

This course’s contents overlap with the following courses. A reduction of credits will occur if one of these courses is taken in addition:

Course Reduction of Credits
SE-204 – Macroeconomics. 7.5
SE-2400 – Macroeconomics. 6
SE-2400 – Macroeconomics. 6
SE-2400 – Macroeconomics. 6
SE-2400 – Macroeconomics. 6
SE-205 – Macroeconomics. 5
SE-106 – Economics. 2.5
Last updated from FS (Felles studentsystem) Oct. 15, 2026 11:04:30 AM