course-details-portlet

SMØ2001 - Macroeconomics

About

Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours D

Course content

Macroeconomics and economic history

Introduction to the concepts in the national accounts

Macroeconomic models

Business cycle analysis

Economic policy

The money and capital market in a global economy

The link between monetary, fiscal and monetary policy

Effects of the exchange rate in the Norwegian economy

Inflation target

Economical growth

Application of economic theory to Norwegian conditions

Learning outcome

Knowledge

You should be able to

  • explain key concepts and explain important methods used in analyses of macroeconomic issues.
  • understand key economic notions of macroeconomic goals and policy instruments.
  • understand the connection between key macroeconomic measures. Knowledge about money and the foreign exchange market, and how the exchange rate is determined.
  • have basic knowledge of topics such as unemployment, inflation and economic growth.
  • could link macroeconomic topics to the other subjects included in the Bachelor's program such as business economics and microeconomics.
  • know how business can utilise macroeconomic knowledge

Skills

  • Through this course you develop insight into key macroeconomic factors that affect the real economy and have insight into how economic policy can be formulated.
  • Be able to explain cyclical macro.phenomena and discuss measures to stabilize the economy.
  • Discuss the different types of unemployment and explain the relationship between inflation and unemployment Use the economic theory of Norwegian conditions
  • Apply the macro economy to improve your business economic performance

General competence

The student should

  • be competent in asking critical and analytically sound about macroeconomic developments and see the relevance for the individual company.
  • able to follow macroeconomic reasoning related to the subject, for example in connection with public debate and professional investigations.
  • able to show how macroeconomic development (growth, interest rate and exchange rate) as well as economic policy affect the real economy and the economic choices within companies.

Compulsory assignments

  • Mandatory requirement

Further on evaluation

4 hours individual written exam (counts 100 % of the grade). Grade scale A-F.

Supporting material allowed on exams: Approved calculator regarding NTNUs support material code B-D "specific basic calculator". Other calculators that are allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus.

This course is only available for students with admission to Business Administration (BØA) in Trondheim. See Specific Conditions for more details.

Specific conditions

Required previous knowledge

None

Course materials

Leiv Opstad (latest edition): Innføring i makroøkonomi for økonomisk-administrative studier. Cappelen + task collection

Credit reductions

Course code Reduction From To
SØ215 6.0 SPRING 2005
SØ215 6.0 SPRING 2005
SMØ8001 7.5 SPRING 2006
SØ110 6.0 SPRING 2005
TIØ4105 2.5 AUTUMN 2021
SØK1000 7.5 AUTUMN 2022
More on the course

No

Facts

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

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2023

Language of instruction: Norwegian

Location: Trondheim

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

Department with academic responsibility
NTNU Business School

Examination

Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 D 2023-12-20 09:00 INSPERA
Room Building Number of candidates
SL110 hvit sone Sluppenvegen 14 24
SL410 orange sone Sluppenvegen 14 58
SL410 blå sone Sluppenvegen 14 51
SL215 Sluppenvegen 14 1
SL111 orange sone Sluppenvegen 14 60
SL274 Sluppenvegen 14 7
SL120 blå sone Sluppenvegen 14 17
SL110 lilla sone Sluppenvegen 14 64
Summer UTS School exam 100/100 D 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.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

More on examinations at NTNU