Print Course syllabus
Course syllabus - Macroeconomic Theory
Scope
7.5 credits
Course code
NAA302
Valid from
Autumn semester 2013
Education level
First cycle
Progressive Specialisation
G2F (First cycle, has at least 60 credits in first-cycle course/s as entry requirements).
Main area(s)
Economics
School
School of Business, Society and Engineering
Ratified
2013-09-02
Status
This syllabus is not current and will not be given any more
Literature lists
Course literature is preliminary up to 8 weeks before course start. Course literature can be valid over several semesters.
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Books
Economic growth
3. ed. : Harlow : Pearson Education Limited, 2013 [dvs 2012] - 576 s.
ISBN: 978-0-273-76929-3 (int. ed.) LIBRIS-ID: 13536745
Objectives
Macroeconomics is the study of the economy as a whole. To achieve this, the economy is viewed as a system of a few highly aggregated and interacting markets. The course aims to present the main questions of macroeconomics, with particular emphasis on those facing a small open economy, and the answers provided by modern macroeconomic theory. These questions typically concern the causes and effects of economic change, such as growth and structural change in the long run as well as business cycles in the shorter time horizon.
Learning outcomes
Students learn to use modern macroeconomic models to understand the workings of a small open economy, to analyze questions and problems concerning growth, trade, business cycles, and international finance, and to evaluate macroeconomic policy.
Course content
The course analyzes how consumers, firms, the government, and the international economy interact on markets for goods, labor, physical and financial capital, and currencies. Models are developed for aggregate analysis of each of these markets and their interdependences. The theories presented deal with output determination, capital formation, consumption, savings, employment, unemployment, international trade, interest rates and exchange rates. The role of the government is analyzed and the scope for relevant economic policy discussed. The emphasis is on the long run development of the economy, such as causes and effects of economic growth and the structure of international trade, but the short and intermediate time horizon with adjustment and business cycles are also treated. A theme in the course is how macroeconomic relationships are founded in microeconomic analysis.
Tuition
Lectures with integrated demonstrations and excercises
Specific requirements
Economics 60 credits (at least 45 credits finished when the course starts). At least 20 credits in Economics have to be on Level G1F. TOEFL test result, minimum score 213(CBT), 550(PBT) or 79(iBT) or an IELTS test result with an overall band score of minimum 6,0 and no band score below 5,0. The English test is COMPULSORY for all applicants except citizens of Australia, Canada, Ireland, New Zealand, United Kingdom and USA.
Examination
Examination (TEN1), 7.5 credits, marks Pass (G) or Pass with distinction (VG)
A student who has a certificate from MDU regarding a disability has the opportunity to submit a request for supportive measures during written examinations or other forms of examination, in accordance with the Rules and Regulations for Examinations at First-cycle and Second-cycle Level at Mälardalen University (2020/1655). It is the examiner who takes decisions on any supportive measures, based on what kind of certificate is issued, and in that case which measures are to be applied.
Suspicions of attempting to deceive in examinations (cheating) are reported to the Vice-Chancellor, in accordance with the Higher Education Ordinance, and are examined by the University’s Disciplinary Board. If the Disciplinary Board considers the student to be guilty of a disciplinary offence, the Board will take a decision on disciplinary action, which will be a warning or suspension.
Grade
Pass with distinction, Pass, Fail