course-details-portlet

SØK3006 - Foreign Exchange, Oil and Macroeconomic Policies

About

Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

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

Course content

The course provides an in-depth analysis of theories of inflation targeting, foreign exchange markets and business cycles, and looks at effects of macroeconomic policies in a small open economy. The importance of the oil industry for the rest of the economy is also considered.

Learning outcome

Knowledge

You learn

  • theoretical models for the functioning of markets for foreign exchange
  • models of how foreign exchange markets interact with the rest of the economy
  • how fiscal and monetary policy affects a small open economy
  • what inflation targeting is, and models of optimal monetary policy
  • models that distinguish between non-traded and traded sectors
  • how the oil industry affects the economy

Skills

You should be able to

  • understand and explain how the exchange rate is determined
  • discuss different ways to set the interest rate and what consequences this has for main macroeconomic variables
  • trace out the effects of different types of macroeconomic policy
  • analyze how the central bank should change the interest rate when the economy is exposed to different economic shocks
  • analyze how economic policy has different effects on non-traded and traded sectors
  • discuss economic opportunities and challenges in an oil economy

General competence

You should be able to

  • read and understand reports and research articles dealing with issues discussed in the course

Learning methods and activities

2 hours of lecture every week and 2 hours of exercise every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term.

Compulsory assignments

  • Approved term paper(s)/exercise(s)

Further on evaluation

Compulsory activity must be completed in the semester the course is taught. The approval also applies to later semesters.

Required previous knowledge

None

Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From To
SØK3003 7.5 AUTUMN 2015
More on the course

No

Facts

Version: 1
Credits:  7.5 SP
Study level: Second degree level

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 15:00 INSPERA
Room Building Number of candidates
SL228 Sluppenvegen 14 3
SL310 turkis sone Sluppenvegen 14 38
Spring ORD School exam 100/100 C 2025-05-28 15:00 INSPERA
Room Building Number of candidates
SL311 lyseblå sone Sluppenvegen 14 7
  • * 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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