Course - Macroeconomics II - SØK1025
SØK1025 - Macroeconomics II
About
New from the academic year 2024/2025
Examination arrangement
Examination arrangement: School exam
Grade: Letter grades
| Evaluation | Weighting | Duration | Grade deviation | Examination aids |
|---|---|---|---|---|
| School exam | 100/100 | 3 hours | C |
Course content
The course builds on Macroeconomics I.
The course has three main topics; (i) economic growth and the importance of investments, population growth, technology and knowledge for a country’s long-term economic development, (ii) financial markets, interest rates and inflation targeting, (iii) how the petroleum sector affects the economy in the short and long run, as well as issues raised by the restructuring and phasing out of the petroleum industry.
Learning outcome
Knowledge
You learn
- macroeconomic models relevant to the Norwegian economy that can be used to study the issues mentioned above
- what determines whether a country has high or low economic growth, as well as how economic policies affect this
- how expectations affect variables such as investments and variables in the financial markets like the value of bonds and share prices
- how the central bank must balance different considerations when deciding which interest rate to set
- how the central bank in an economy with a large petroleum sector may have to take this into account in the way they conduct monetary policies
- how petroleum revenues affect the Norwegian economy in the short and long term
- to relate theory to practical policy analyses, like the National Budget and the Monetary Policy Report
Skills
You should be able to
- use macroeconomic models to discuss economic growth
- analyze how expectations of economic variables affect financial markets and the economy
- analyze what interest rate the central bank should set
- analyze how changing oil and gas prices affect the economy in the short and long term, as well as design economic policies adapted to such a situation
General competence
You should be able to
- follow economic reasoning related to the course in the public debate and professional reports
Learning methods and activities
2 hours of lectures every week and 2 hours of practical assignment every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term.
Compulsory assignments
- Mandatory activity
Further on evaluation
Compulsory activity must be completed in the semester the course is taught. The approval also applies to later semesters.
Approved compulsory activity from SØK1012 Macroeconomic analysis also applies to this course.
Recommended previous knowledge
Macroeconomics I
Required previous knowledge
None
Course materials
Announced at the beginning of the term
Credit reductions
| Course code | Reduction | From | To |
|---|---|---|---|
| SØK1012 | 7.5 | AUTUMN 2024 |
No
Version: 1
Credits:
7.5 SP
Study level: Foundation courses, level I
Term no.: 1
Teaching semester: SPRING 2025
Language of instruction: Norwegian
Location: Trondheim
- Economics
- Social Sciences
Examination
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Spring ORD School exam 100/100 C 2025-05-13 09:00 INSPERA
-
Room Building Number of candidates SL310 hvit sone Sluppenvegen 14 46 SL311 lyseblå sone Sluppenvegen 14 96 SL311 grønn sone Sluppenvegen 14 61 SL311 brun sone Sluppenvegen 14 47
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"