Applied Macroeconomics

Introduction

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, inflation 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