course-details-portlet

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.

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
More on the course

No

Facts

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

Coursework

Term no.: 1
Teaching semester:  SPRING 2025

Language of instruction: Norwegian

Location: Trondheim

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

Department with academic responsibility
Department of Economics

Examination

Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
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"

More on examinations at NTNU