SØK2009 - International Macroeconomics


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

This course is about macroeconomic problems and issues related to international economic relations. The course covers foreign exchange markets and –crises, current account balances and imbalances, and macroeconomic policies in open economies.

Learning outcome


You learn

  • about the macroeconomic interrelations arising among open economies
  • about the interactions among aggregate economic activity, inflation, current account imbalances and exchange rates
  • the functioning of foreign exchange markets
  • about the scope of monetary and fiscal policies
  • the history of world monetary systems
  • about the international character of financial crises


You should be able to

  • understand the implications of current account imbalances
  • distinguish different forces that may determine exchange rates and interest rates on financial markets
  • classify the channels through which external shocks affect domestic output and prices in the open economy
  • understand aims and consequences of different types of fiscal and monetary policies
  • elaborate merits and drawbacks of different exchange rate systems (fixed versus flexible, reserve-based systems, currency unions)
  • draw international comparisons by means of standard indicators of price levels and reaø exchange rates
  • use formal models to forecast or estimate variables of interest (e.g. expected rates of return to some investment) that depend on macroeconomic variables like inflation differentials, growth grapphs, exchange rates

General competence

You should be able to

  • follow economic reasoning related to the course in the public debate and professional reports

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

In semester when the course is not taught, the examination form may change from written to oral.

Required previous knowledge


Course materials

Announced at the beginning of the term.

More on the course



Version: 1
Credits:  7.5 SP
Study level: Intermediate course, level II


Term no.: 1
Teaching semester:  AUTUMN 2023

Language of instruction: English

Location: Trondheim

Subject area(s)
  • Social Science
  • 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 2023-12-21 15:00 INSPERA
Room Building Number of candidates
SL310 Sluppenvegen 14 95
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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