course-details-portlet

SMF2295

Macroeconomics

Choose study year
Credits 7.5
Level Intermediate course, level II
Course start Autumn 2025
Duration 1 semester
Language of instruction Norwegian
Location Gjøvik
Examination arrangement School exam

About

About the course

Course content

  • National accounts with an introduction to sustainable growth
  • Macroeconomic models
  • The relationship between the main macroeconomic variables, such as consumption, investments, interest rates, unemployment, inflation, and exchange rates
  • Economic policy
  • The effects of economic policy, such as fiscal and monetary policy, on the macro economy
  • Application of the economic models to Norwegian circumstances

Learning outcome

Knowledge:

Students should

  • Be able to explain the developments in the Norwegian and international economy
  • Define key macroeconomic concepts as they are defined in the national accounts and explain the accounting relationships in the national accounts
  • Discuss central macroeconomic models relevant to the Norwegian economy
  • Understand how monetary and fiscal policy impact activity levels, interest rates, exchange rates, trade balance, consumption, and investment
  • Comprehend the relationship between the labor market and the rest of the economy, as well as unemployment and inflation targeting
  • Analyze how openness to trade and capital flows between countries affects the economy and the effects of economic policies
  • Be able to relate macroeconomic topics to other subjects included in the bachelor’s program, such as business economics and microeconomics
  • Understand how businesses can utilize macroeconomic knowledge.

Skills:

Upon completing the course, students should

  • Understand key macroeconomic relationships.
  • Be able to analyze the prevailing macroeconomic situation
  • Possess knowledge of factors influencing the real economy and insight into how economic policies can be formulated.
  • Utilize macroeconomic models to discuss the effects of economic policies and other influences to which the economy is subjected.
  • Connect economic theories to developments in the Norwegian and international economies.
  • Use macroeconomic theory to analyze how businesses, households, and the national economy are affected by changes in the economy and economic policies.
  • Apply knowledge of macroeconomics to enhance business economic outcomes.

General competence:

Competent in asking critical and analytically sound about macroeconomic developments and see the relevance for the individual company. Follow macroeconomic reasoning related to the subject, for example in connection with public debate and professional investigations. 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.

Learning methods and activities

  • Lectures and seminars
  • Compulsory group assignment (maximum 5 students per group)
  • Compulsory individual assignments

Compulsory assignments

  • Approved exercises

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.

Compulsory assignments must be approved before you can take the exam. The assignments will be specified at the start of the course. Approved compulsory work requirements must not be resubmitted in subsequent attempts at an examination.

Specific conditions

Admission to a programme of study is required:
Business Administration (BØA)
Business Management (BØKLEDC)
Logistics Management (BLOG)

Required previous knowledge

None

Course materials

Textbook and other course material will be announced before the start of the course

Credit reductions

Course code Reduction From
SMF2295F 7.5 sp
SMF3021 7.5 sp Autumn 2018
SMF3021F 7.5 sp Autumn 2018
This course has academic overlap with the courses in the table above. If you take overlapping courses, you will receive a credit reduction in the course where you have the lowest grade. If the grades are the same, the reduction will be applied to the course completed most recently.

Subject areas

  • Economics

Contact information

Course coordinator

Department with academic responsibility

Department of Industrial Economics and Technology Management

Examination

Examination

Examination arrangement: School exam
Grade: Letter grades

Ordinary examination - Autumn 2025

School exam
Weighting 100/100 Examination aids Code D Date 2025-11-26 Time 09:00 Duration 4 hours Exam system Inspera Assessment
Place and room for school exam

The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.

Ametyst
Room A-atriet-2/3 (A-160)
60 candidates
Smaragd
Room S310
5 candidates

Re-sit examination - Summer 2026

School exam
Weighting 100/100 Examination aids Code D Duration 4 hours Exam system Inspera Assessment Place and room Not specified yet.