Macroeconomics

Introduction

Macroeconomics is the study of the economy as a whole. It deals with phenomena such as long-run economic growth, business cycles, unemployment, inflation, and deficits on the balance of payments. Analyses on how governments and central banks can influence the economy through fiscal and monetary policy are particularly important in macroeconomics.

BI’s strategy states that we are to prepare the students for an international, digital and sustainable future. This program is international in its design and looks at today's economy in a national, European and global perspective. The program provides students with tools to investigate and analyze differences and similarities between countries. We use both national and international data and news sources. The theme of sustainability also falls naturally into the program's emphasis on economic growth.

Course content

1. Introduction to Macroeconomics
2. National Accounts and Economic Indicators
3. The Fundamentals of Economic Growth
4. Labour Markets and Unemployment
5. Money, Prices and Exchange Rates in the Long Run
6. Building Blocks: Consumption and Investment
7. Money and Interest Rates
8. Monetary Policy, Banks and Financial Stability
9. Macroeconomic Equilibrium in the Short Run
10. International Capital Flows and Macroeconomic Equilibrium
11. Output, Employment, and Inflation
12. Aggregate Demand and Aggregate Supply