SØK1151 - Macroeconomics for Managers


Examination arrangement

Examination arrangement: Written examination
Grade: Letters

Evaluation form Weighting Duration Examination aids Grade deviation
Written examination 100/100 4 hours C

Course content

This course gives an overview of basic macroeconomic concepts and methods that are necessary ingredients in many types of managerial decisions. The course introduces key concepts such as the GDP, various measures of inflation and unemployment, interest rates, and exchange rate. Building on this foundation it analyzes various aspects of macroeconomics: aggregate supply and demand, international financial markets, cyclical fluctuations, policy analysis, and forecasting.

Learning outcome

You learn
- basic macroeconomic concepts such as GDP, unemployment, inflation, interest rates and exchange rates
- about business cycles
- short run macroeconomic models; how fiscal and monetary policies affect activity levels, interest rates, exchange rates, trade, consumption and investment
- about international financial markets
- about economic forecasting
- about important macroeconomic crises, including the financial crisis and public debt dynamics.

You should be able to
- use macroeconomic models to discuss how economic policies and other shocks will affect the economy – in particular how firms are affected
- analyze the economic situation of an economy
- relate the 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 firms’ environments in the near future, and thus be part of your investment decisions and strategic planning

Learning methods and activities

2 hours of lectures every week, and 2 hours of practical assignments every other week. One compulsory term paper that can be written as a joint project by up to four students.

Compulsory assignments

  • One approved term paper.

Specific conditions

Exam registration requires that class registration is approved in the same semester. Compulsory activities from previous semester may be approved by the department.

Required previous knowledge


Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From To
SØK1003 7.5 2012-09-01
SØK1012 7.5 2012-09-01


Detailed timetable


Examination arrangement: Written examination

Term Statuskode Evaluation form Weighting Examination aids Date Time Room *
Autumn ORD Written examination 100/100 C 2018-12-19 15:00
Spring ORD Written examination 100/100 C
  • * 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.