Applied Macroeconomics

Introduction

Macroeconomics is the study of a country's economy as a whole and of international interdependencies between countries. In this course, students gain insight into macroeconomic mechanisms and relationships that are important for the Norwegian economy and economic policy in both the short and long run. The course will provide students with the necessary conceptual framework and knowledge of models to understand macroeconomic phenomena such as business cycles, financial instability, unemployment, inflation, and deficits or surpluses in the external balance. Analysis of how authorities can influence macroeconomic development through fiscal and monetary policy is central to this course. Through discussion of important and current macroeconomic issues such as macroeconomic instability, financial crises, the spending of petroleum revenues, and economic globalization the course emphasizes connecting theoretical insights to key macroeconomic phenomena and trends.

Course content

• Macroeconomic data sources
• Financial markets
• Financial stability
• Business cycle theory
• Cryptocurrency and AI
• Macroeconomic policy
• Saving, national wealth, and fiscal policy
• Oil wealth and industrial structure
• AS-AD

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.