course-details-portlet

SØK1025

Macroeconomics II

Assessments and mandatory activities may be changed until September 20th.

Credits 7.5
Level Foundation courses, level I
Course start Spring 2026
Duration 1 semester
Language of instruction Norwegian
Location Trondheim
Examination arrangement School exam

About

About the course

Course content

The course builds on Macroeconomics I.

The course has three main topics; (i) economic growth and the importance of investments, population growth, technology and knowledge for a country’s long-term economic development, (ii) financial markets, interest rates and inflation targeting, (iii) how the petroleum sector affects the economy in the short and long run, as well as issues raised by the restructuring and phasing out of the petroleum industry.

Learning outcome

Knowledge

You learn

  • macroeconomic models relevant to the Norwegian economy that can be used to study the issues mentioned above
  • what determines whether a country has high or low economic growth, as well as how economic policies affect this
  • how expectations affect variables such as investments and variables in the financial markets like the value of bonds and share prices
  • how the central bank must balance different considerations when deciding which interest rate to set
  • how the central bank in an economy with a large petroleum sector may have to take this into account in the way they conduct monetary policies
  • how petroleum revenues affect the Norwegian economy in the short and long term
  • to relate theory to practical policy analyses, like the National Budget and the Monetary Policy Report

Skills

You should be able to

  • use macroeconomic models to discuss economic growth
  • analyze how expectations of economic variables affect financial markets and the economy
  • analyze what interest rate the central bank should set
  • analyze how changing oil and gas prices affect the economy in the short and long term, as well as design economic policies adapted to such a situation

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 assignment every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term.

Compulsory assignments

  • Mandatory activity

Further on evaluation

Compulsory activity must be completed in the semester the course is taught. The approval also applies to later semesters.

Approved compulsory activity from SØK1012 Macroeconomic analysis also applies to this course.

Required previous knowledge

None

Course materials

Announced at the beginning of the term

Credit reductions

Course code Reduction From
SØK1012 7.5 sp Autumn 2024
This course has academic overlap with the course 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
  • Social Sciences

Contact information

Course coordinator

Department with academic responsibility

Department of Economics

Examination

Examination

Examination arrangement: School exam
Grade: Letter grades

Ordinary examination - Autumn 2025

School exam
Weighting 100/100 Examination aids Code H Date 2025-11-21 Time 09:00 Duration 3 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.

Sluppenvegen 14
Room SL111 grønn sone
1 candidate

Ordinary examination - Spring 2026

School exam
Weighting 100/100 Examination aids Code H Duration 3 hours Exam system Inspera Assessment Place and room Not specified yet.