SØK2009 - International Macroeconomics

About

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 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

Knowledge
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

Skills
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. Compulsory activity: 1 approved term paper. The term paper 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

None

Course materials

Announced at the beginning of the term.

Timetable

Detailed timetable

Examination

Examination arrangement: Written examination

Term Statuskode Evaluation form Weighting Examination aids Date Time Room *
Autumn ORD Written examination 100/100 C 2017-12-15 09:00
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.