Macroeconomics is the study of the economy as a whole. The course offers an introduction to macroeconomics at an advanced level. It provides the students with analytical skills and applied insights to understand important macroeconomic variables such as consumption, investment, labor supply, productivity, and aggregate output – domestically as well as internationally. Throughout the course students will acquire insight into consumption and saving decisions, economic growth, sustaintability, inequality and international income convergence, investment, and labor supply and unemployment. It also discusses how to understand and analyze the macroeconomic effects of digitalization and robotization. Attention is paid to developing digital tools to help analyzing and understanding economic models.
The course covers the following topics:
- Consumption and saving
- Labor supply and uinemployment
- Solow growth model
- Neoclassical growth model
- Inequality, digitalization, sustainability
This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.