Course description

Lecture series on Oil Markets and the Macro Economy


This course description is available in English only. Please see the English course description.

Course content

The course will conver topics such as:

  • Alternative Specifications of the Price of Oil
  • Driver of the oil price
  • Forecasting the Real Price of Oil
  • A Review of the Channels of Transmission of Oil Price Shocks
  • Are Macroeconomic Responses Asymmetric in Oil Price Increases and Decreases?
  • Monetary Policy Responses to Oil Price Fluctuations

Learning outcome knowledge

After taking this course the students should have a solid knowledge of advanced research in oil market models and the link between oil prices, the macroeconomy and monetary policy.

To model and forecast the oil market, the students should master and be able to produce sophisticated research using a variety of linear and non-linear time series methods.

To analyse the link between the oil market, the macroeconomy and monetary policy, the students will be familiar with, among others, structural vector autoregression (VAR) models and Dynamic stochastic general equilibrium (DSGE) models

Exam organisation

  • Written assignment: 100%