SØK1151 - Macroeconomics for Managers


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

Course content

The course gives an overview of basic macroeconomic concepts and mechanisms which are important external conditions in many types of managerial decisions. The course uses macroeconomic models to study the relationship between key concepts such as GDP, unemployment, inflation, interest rates, and exchange rates. The models analyse various macroeconomic policies important for sustainable development, and the insight is related to recent macroeconomic developments.

Learning outcome

Learning outcome


You learn

  • about core macroeconomic concepts such as GDP, unemployment, inflation, interest rates, and exchange rates
  • about business cycles and macroeconomic stabilitation-policies
  • about international trade and international financial markets
  • about the role of capital and technological progress for economic growth
  • about major macroeconomic crises


You should be able to

  • use macroeconomic models to discuss how economic policies and external shocks will affect the economy, and in particular how firms are affected
  • analyse the economic situation of an economy and predict future developments
  • relate economic theories to the development of the Norwegian and the international economy

General competence

You should be able to

  • see how economic trends and events will affect the external conditions of the firm in the near future and the firm’s strategic planning and optimal investment decisions.

Learning methods and activities

2 hours of lectures every week, and 2 hours of practical assignments 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)

Further on evaluation

Compulsory activity must be completed in the semester the course is taught. The approval also applies to later semesters.

Required previous knowledge


Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From To
SØK1012 7.5 AUTUMN 2012
SØK1003 7.5 AUTUMN 2012
More on the course



Version: 1
Credits:  7.5 SP
Study level: Foundation courses, level I


Term no.: 1
Teaching semester:  AUTUMN 2024

Language of instruction: English

Location: Trondheim

Subject area(s)
  • Economics
  • Social Sciences
Contact information
Course coordinator:

Department with academic responsibility
Department of Economics


Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 C INSPERA
Room Building Number of candidates
Spring ORD School exam 100/100 C INSPERA
Room Building Number of candidates
  • * 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"

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