Introduction
Macroeconomics is the study of a country's economy as a whole and of international relationships between countries. The course will provide students with the necessary conceptual framework and knowledge of economic models to understand important macroeconomic phenomena such as business cycle fluctuations, financial instability, economic crises, unemployment, inflation, and trade deficits or surpluses.
Analyses of how governments can influence macroeconomic developments through fiscal policy and monetary policy are a central part of this course. Current issues from Norwegian and international economies are actively used to illustrate the theories covered in the course.