Course - Foreign Exchange, Oil and Macroeconomic Policies - SØK3006
SØK3006 - Foreign Exchange, Oil and Macroeconomic Policies
About
Examination arrangement
Examination arrangement: School exam
Grade: Letter grades
Evaluation | Weighting | Duration | Grade deviation | Examination aids |
---|---|---|---|---|
School exam | 100/100 | 4 hours | C |
Course content
The course provides an in-depth analysis of theories of inflation targeting, foreign exchange markets and business cycles, and looks at effects of macroeconomic policies in a small open economy. The importance of the oil industry for the rest of the economy is also considered.
Learning outcome
Knowledge
You learn
- theoretical models for the functioning of markets for foreign exchange
- models of how foreign exchange markets interact with the rest of the economy
- how fiscal and monetary policy affects a small open economy
- what inflation targeting is, and models of optimal monetary policy
- models that distinguish between non-traded and traded sectors
- how the oil industry affects the economy
Skills
You should be able to
- understand and explain how the exchange rate is determined
- discuss different ways to set the interest rate and what consequences this has for main macroeconomic variables
- trace out the effects of different types of macroeconomic policy
- analyze how the central bank should change the interest rate when the economy is exposed to different economic shocks
- analyze how economic policy has different effects on non-traded and traded sectors
- discuss economic opportunities and challenges in an oil economy
General competence
You should be able to
- read and understand reports and research articles dealing with issues discussed in the course
Learning methods and activities
2 hours of lecture every week and 2 hours of exercise every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term.
Compulsory assignments
- Approved term paper(s)/exercise(s)
Recommended previous knowledge
Bachelor's degree in Economics or the equivalent
Required previous knowledge
None
Course materials
Announced at the beginning of the term.
Credit reductions
Course code | Reduction | From | To |
---|---|---|---|
SØK3003 | 7.5 | AUTUMN 2015 |
No
Version: 1
Credits:
7.5 SP
Study level: Second degree level
Term no.: 1
Teaching semester: AUTUMN 2023
Language of instruction: Norwegian
Location: Trondheim
- Economics
- Social Sciences
Department with academic responsibility
Department of Economics
Examination
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Autumn ORD School exam 100/100 C 2023-12-11 09:00 PAPIR
-
Room Building Number of candidates DI42 Idrettssenteret (Dragvoll) 4 DI172 Idrettssenteret (Dragvoll) 1 Storhall del 2 Idrettssenteret (Dragvoll) 73 - Spring ORD School exam 100/100 C 2024-06-05 15:00 INSPERA
-
Room Building Number of candidates SL310 Sluppenvegen 14 3
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"