Course - International macroeconomics - SØK8639
International macroeconomics
Lessons are not given in the academic year 2025/2026
About
About the course
Course content
This course studies macroeconomics in situations where countries are interdependent, so that what happens in one country or region affect other countries and regions, and vice versa. Topics include the dynamic approach to the current account, how the world interest rate is determined, how fiscal policy work in dynamic models, how different productivities in different countries affect the exchange rates between these countries, how and where economic activity is localized, and the trade and capital flows among different regions of the world.
Learning outcome
Knowledge
You learn
- How the current account balance can be understood as a dynamic optimization problem
- How the exchange rate is affected by productivity differences between and within countries
- How fiscal policy works when today's policy affects future public debt
- How the global interest rate is related to which countries have surpluses and deficits in the current account balance
- How economic activity can give rise to clustering
- How labor and capital flow between different countries and regions
Skills
You should be able to
- Explain key theories and models suitable for studying macroeconomic issues in countries that interact with each other
- Analyze a wide range of macroeconomic policies using relevant economic models
General competence
You should be able to
- read and understand research articles and public reports dealing with issues discussed in the course
- use the content of the course in your own academic work such as your master thesis
Learning methods and activities
2 hours of lectures every week. The course has compulsory activities. Specific requirements will be announced at the beginning of the term. The term papers can be written as a joint project. The course is not taught every semester. Check courses that are taught at https://www.ntnu.no/econ/valgfrie-masteremner.
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.
Specific conditions
Admission to a programme of study is required:
Economics (MSØK)
Economics (MSØK/5)
Economics and Management (PHOL)
Recommended previous knowledge
Bachelor's degree in Economics
Required previous knowledge
None
Course materials
Announced at the beginning of the term.
Subject areas
- Economics
- Social Sciences