Excerpt from course description

Applied Macroeconomics

Introduction

In combination with BTH 1613 Bachelor Thesis, Applied Macroeconomics (15 credits) this course will constitute a specialization of 30 credits. It will be stated on the diploma that it is a specialization. It applies to students on the Bachelor Programme in Business Administration. The course may also be chosen by other students as an elective in their third year of study.

Macroeconomics is the study of a country’s economy as a whole and the international relationships between countries. The discipline deals with phenomena such as long-term economic growth and sustainability, inequality, cyclical movements, financial instability, unemployment, price rise and current external account deficits or surpluses. Analyses of how the authorities may influence the macroeconomic development through fiscal and monetary policies form a central element in this course.

Course content

  • Macroeconomic data sources
  • Economic growth and sustainability. Inequality and growth.
  • Financial markets. Asset bubbles and financial crises in an international perspective.
  • Financial stability
  • Business cycle theory
  • Fiscal policy
  • Monetary policy
  • Saving, national wealth and fiscal policy. Sustainable public debt.
  • Oil wealth and industry structure
  • Applied econometrics

Disclaimer

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.