Course - Macroeconomics for Managers - SØK1151
SØK1151 - Macroeconomics for Managers
About
Examination arrangement
Examination arrangement: School exam
Grade: Letter grades
| Evaluation | Weighting | Duration | Examination aids |
|---|---|---|---|
| School exam | 100/100 | 4 hours | C |
Course content
Course content
The course gives an overview of basic macroeconomic concepts and mechanisms which are important external conditions in many types of managerial decisions. The course uses macroeconomic models to study the relationship between key concepts such as GDP, unemployment, inflation, interest rates, and exchange rates. The models analyse various macroeconomic policies important for sustainable development, and the insight is related to recent macroeconomic developments.
Learning outcome
Learning outcome
Knowledge
You learn
- about core macroeconomic concepts such as GDP, unemployment, inflation, interest rates, and exchange rates
- about business cycles and macroeconomic stabilitation-policies
- about international trade and international financial markets
- about the role of capital and technological progress for economic growth
- about major macroeconomic crises
Skills
You should be able to
- use macroeconomic models to discuss how economic policies and external shocks will affect the economy, and in particular how firms are affected
- analyse the economic situation of an economy and predict future developments
- relate economic theories to the development of the Norwegian and the international economy
General competence
You should be able to
- see how economic trends and events will affect the external conditions of the firm in the near future and the firm’s strategic planning and optimal investment decisions.
Learning methods and activities
2 hours of lectures every week, and 2 hours of practical assignments 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.
Recommended previous knowledge
None
Required previous knowledge
None
Course materials
Announced at the beginning of the term.
Credit reductions
| Course code | Reduction | From | To |
|---|---|---|---|
| SØK1012 | 7.5 | AUTUMN 2012 | |
| SØK1003 | 7.5 | AUTUMN 2012 |
No
Version: 1
Credits:
7.5 SP
Study level: Foundation courses, level I
Term no.: 1
Teaching semester: AUTUMN 2024
Language of instruction: English
Location: Trondheim
- Economics
- Social Sciences