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ECN222 Macroeconomics II - Models and Policy

Credits (ECTS):10

Course responsible:Eirik Romstad

Campus / Online:Taught campus Ås

Teaching language:Norsk

Course frequency:Annually

Nominal workload:250 hours

Teaching and exam period:This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel.

About this course

Business cycle analysis, stabilization policy and economic growth. These are discussed in the context of current Norwegian and international economic issues.

Learning outcome

Knowledge

  • Candidates from the course shall know core macroeconomic topics, questions, models.
  • Have specific knowledge of Keynesian multiplier models, the IS-RR-PC model for closed and open economies, growth models and models to explain financial crises.

Skills

  • Candidates shall be able to use these models for doing critical analyses of current macroeconomic issues, including assessing the consequences of macroeconomic changes for firms and individuals.
  • Candidates shall be able to analyse economic policy and economic reports, such as "Parliamentary White Papers" .

General competence

  • Candidates shall be able to communicate core macroeconomic topics, models and questions to others.
  • Learning activities
    The course combines lectures, exercises, class discussions, and own study of an assigned curriculum.
  • Teaching support
    4 hours combined lectures and exercises/discussions per week
  • Prerequisites
    ECN120 Macroeconomics I - Markets, Economic Development, and Welfare.
  • Assessment method
    Final written in-class examination (3 hours) accounts for 100% of the grade.

    Written exam Grading: Letter grades Permitted aids: B1 Calculator handed out, no other aids
  • Examiner scheme
    External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
  • Mandatory activity
    Students get approved on a group term paper (3-4 students in the group) on a self-selected topic (to be approved by course responsible). The mandatory activity is valid until the next time the course is given and the ensuing continuation exam.
  • Teaching hours
    4 hours combined lectures and exercises/discussions per week.
  • Admission requirements
    Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).