course-details-portlet

SMØ2001 - Macroeconomics

About

Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours D

Course content

  • National accounts with an introduction to sustainable growth
  • Macroeconomic models
  • The relationship between the main macroeconomic variables, such as consumption, investments, interest rates, unemployment, inflation, and exchange rates
  • Economic policy
  • The effects of economic policy, such as fiscal and monetary policy, on the macro economy
  • Application of the economic models to Norwegian circumstances

Learning outcome

Knowledge:

Students should

  • Be able to explain the developments in the Norwegian and international economy
  • Define key macroeconomic concepts as they are defined in the national accounts and explain the accounting relationships in the national accounts
  • Discuss central macroeconomic models relevant to the Norwegian economy
  • Understand how monetary and fiscal policy impact activity levels, interest rates, exchange rates, trade balance, consumption, and investment
  • Comprehend the relationship between the labor market and the rest of the economy, as well as unemployment and inflation targeting
  • Analyze how openness to trade and capital flows between countries affects the economy and the effects of economic policies
  • Be able to relate macroeconomic topics to other subjects included in the bachelor’s program, such as business economics and microeconomics
  • Understand how businesses can utilize macroeconomic knowledge.

Skills:

Upon completing the course, students should

  • Understand key macroeconomic relationships.
  • Be able to analyze the prevailing macroeconomic situation
  • Possess knowledge of factors influencing the real economy and insight into how economic policies can be formulated.
  • Utilize macroeconomic models to discuss the effects of economic policies and other influences to which the economy is subjected.
  • Connect economic theories to developments in the Norwegian and international economies.
  • Use macroeconomic theory to analyze how businesses, households, and the national economy are affected by changes in the economy and economic policies.
  • Apply knowledge of macroeconomics to enhance business economic outcomes.

General competence:

  • Competent in asking critical and analytically sound about macroeconomic developments and see the relevance for the individual company. Follow macroeconomic reasoning related to the subject, for example in connection with public debate and professional investigations. Show how macroeconomic development (growth, interest rate and exchange rate) as well as economic policy affect the real economy and the economic choices within companies.

Learning methods and activities

Lectures, practice sessions, and mandatory exercises

Mandatory submission to be delivered in groups of maximum 5 students

Individual mid-term exam (multiple choice)

Compulsory assignments

  • Mandatory requirement

Further on evaluation

4 hours individual written exam (counts 100 % of the grade). Grade scale A-F.

Supporting material allowed on exams: Approved calculator regarding NTNUs support material code B-D "specific basic calculator". Other calculators that are allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus.

Mandatory course requirements must be approved in order to be eligible for the final examination.

Mandatory course requirements are specified at the beginning of the course.

Approved mandatory course requirements do not need to be resubmitted in subsequent attempts at the examination.

Specific conditions

Admission to a programme of study is required:
Business Administration (BØA)
Economics and Business Administration (MSIVØK5)

Required previous knowledge

None

Course materials

Leiv Opstad (latest edition): Innføring i makroøkonomi for økonomisk-administrative studier. Cappelen + task collection

Credit reductions

Course code Reduction From To
SØ215 6.0 SPRING 2005
SØ215 6.0 SPRING 2005
SMØ8001 7.5 SPRING 2006
SØ110 6.0 SPRING 2005
TIØ4105 2.5 AUTUMN 2021
SØK1000 7.5 AUTUMN 2022
More on the course

No

Facts

Version: A
Credits:  7.5 SP
Study level: Intermediate course, level II

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2024

Language of instruction: Norwegian

Location: Trondheim

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

Department with academic responsibility
NTNU Business School

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 D INSPERA
Room Building Number of candidates
Summer UTS School exam 100/100 D 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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