- English
- GRA 6516
- 6 Credits
Introduction
The course, which is an introductory economics course on master level, provides the students with the main concepts and models used in modern micro- and macroeconomic analysis.
Course content
Microeconomics
Utility Maximization
Demand Function and Substitution Effects
Market Demand, Market Equilibrium, and Uncertainty
Firm Behavior and Supply Function
Firm Supply and Industry Equilibrium
Imperfect Competition
Macroeconomics
General Equilibrium with Production
Fiscal Policy and the Role of Money
The Neoclassical Model
The New Keynesian Model: IS Curve and Policy
IS-LM and the Role of Monetary Policy
Open Economy Models
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.