SMF2295F - Macroeconomics


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 and fiscal policy
  • Effects of the exchange rate on the Norwegian economy
  • Inflation and inflation targeting
  • Economic growth
  • Application of economic theory to Norwegian conditions

Learning outcome


You should be able to explain key concepts and explain important methods used in analyses of macroeconomic issues. Understanding of 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 utilize knowledge on macroeconomics.


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 macroeconomic 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:

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 on streaming as well as videos of lectures and compulsory assignments:

  • Compulsory group assignment (1-5 students per group)
  • Compulsory individual mid-semester test (multiple choice)

Compulsory assignments must be approved by the teacher in order to obtain the right to take the exam on this course.

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 (part-time) (BØKLED-F)

Course materials

Leiv Opstad (latest editon): Innføring i makroøkonomi for økonomisk-administrative studier. Cappelen + oppgavesamling.

Credit reductions

Course code Reduction From To
SMF2295 7.5
SMF3021F 7.5 AUTUMN 2018
SMF3021 7.5 AUTUMN 2018
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: Norwegian

Location: Gjøvik

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

Department with academic responsibility
Department of Industrial Economics and Technology Management


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
SL111 grønn sone Sluppenvegen 14 10
M438 Eksamensrom 4.etg, Inngang D Mustad, Inngang D 47
M407-Eksamensrom 4.etg Mustad, Inngang A 0
Gymsal Laterna/Lab-bygg 1
Haugesund Eksternt eksamenssted 0
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.

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

More on examinations at NTNU