course-details-portlet

SØK1021 - Macroeconomics I

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 gives an introduction to basic macroeconomics with a main focus on business cycles. With the use of simple models, the relationships between important macroeconomic variables, such as consumption, investment, unemployment, inflation, interest rates, exchange rates and the trade balance, are analyzed. The course emphasizes (i) how economic policy, such as fiscal and monetary policy, affects the economy, and (ii) how changes in conditions that do not originate from national policy, such as changing business cycles or interest rates on the world market, affect the economy.

Learning outcome

Knowledge

You learn

  • about the development of the Norwegian and the international economy
  • essential macroeconomic concepts and relationships, as defined in the national accounts
  • short run macroeconomic models relevant to the Norwegian economy; how monetary and fiscal policies affect activity levels, interest rates, exchange rates, trade balance, consumption and investment.
  • about the relationship between the labor market and the rest of the economy, and about unemployment and inflation targeting
  • about how openness between countries affects the economy and the effects of economic policies
  • 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 the effects of economic policies and other shocks affecting the economy
  • analyze the economic situation of an economy
  • relate the economic theories to the development of the Norwegian and the international economy
  • use macroeconomic theory to analyze how firms, households and the national economy are affected by changes in the economy and in economic policies

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 SØK1000 Introduction to economics also applies to this course.

Required previous knowledge

None

Course materials

Announced at the beginning of the term

Credit reductions

Course code Reduction From To
SØK1000 7.5 AUTUMN 2024
More on the course

No

Facts

Version: 1
Credits:  7.5 SP
Study level: Foundation courses, level I

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2024

Language of instruction: Norwegian

Location: Trondheim

Subject area(s)
  • Economics
  • Social Sciences
Contact information
Course coordinator:

Department with academic responsibility
Department of Economics

Timetable

List view
Calendar view

Examination

Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 C 2024-12-04 09:00 INSPERA
Room Building Number of candidates
SL311 grønn sone Sluppenvegen 14 68
SL311 brun sone Sluppenvegen 14 82
SL311 orange sone Sluppenvegen 14 65
SL311 lyseblå sone Sluppenvegen 14 96
Spring ORD School exam 100/100 C INSPERA
Room Building Number of candidates
  • * 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.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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