Intermediate Macroeconomics, 7.5 credits

Makroekonomisk teori och politik, 7.5 hp

770G24

Main field of study

Economics

Course level

First cycle

Course type

Single subject and programme course

Examiner

Joakim Persson

Course coordinator

Joakim Persson

Director of studies or equivalent

Linnea Tengvall

Contact

ECV = Elective / Compulsory / Voluntary
Course offered for Semester Weeks Language Campus ECV
Single subject course (Full-time, Day-time) Spring 2022 202214-202218 English Linköping
Single subject course (Full-time, Day-time) Spring 2022 202214-202218 English Linköping
F7KPO Bachelor´s Programme in Political science and economics (Economics) 4 (Spring 2022) 202214-202218 English Linköping C
F7YEE Business and Economics Programme - International - English (Economics) 6 (Spring 2022) 202214-202218 English Linköping E
F7YEF Business and Economics Programme - International - French (Economics) 6 (Spring 2022) 202214-202218 English Linköping E
F7YET Business and Economics Programme - International - German (Economics) 6 (Spring 2022) 202214-202218 English Linköping E
F7YES Business and Economics Programme - International - Spanish (Economics) 6 (Spring 2022) 202214-202218 English Linköping E
F7MNE Master programme in Economics 2 (Spring 2022) 202214-202218 English Linköping E

Main field of study

Economics

Course level

First cycle

Advancement level

G1F

Course offered for

  • Business and Economics Programme - International - French
  • Business and Economics Programme - International - Spanish
  • Business and Economics Programme - International - German
  • Bachelor´s Programme in Political science and economics
  • Master programme in Economics
  • Business and Economics Programme - International - English

Entry requirements

  • Economics, basic course, 30 ECTS credits with at least 15 ECTS credits passed
  • English corresponding to the level of English in Swedish upper secondary education (English 6/B)
    (Exemption from Swedish)

Intended learning outcomes

On completion of the course, the student should be able to:

- formulate, explain and analyze models for economic growth

- explain and analyze how economic growth depends on underlying determinants

- analyze causes and consequences of business cycle fluctuations

- explain and analyze macroeconomic models for open economies engaged in international trade in goods and capital, considering various exchange rate regimes

- explain and analyze the adjustment processes taking place from the short run and long run

- explain and analyze the main macroeconomic policy areas.

Course content

The course focuses both on short and on long run macroeconomic issues with a focus on business cycles, growth and public debt. The models are applied to descriptions of the problems encountered by politicians and central banks when creating the institutional settings for economic policy and when applying fiscal and monetary policies. Economic growth is crucial for long term standards of living and thus a crucial element of macroeconomic analysis. The course set-up and analyze models of economic growth being consistent with stylized facts of economic growth. Throughout, the theoretical analyses are exemplified with studies of current economic-political problems. Course subject areas are Keynesian business cycle models for open economies, economic policy (fiscal and monetary policy), endogenous economic policy and the institutional settings of economic policy, long run economic growth, public budget and public debt.

Teaching and working methods

The teaching takes the form of lectures and group work, where the students, in small groups, have the opportunity to practice solving and analyzing certain macroeconomic issues and assignments, and to ask questions about the literature, lectures, current macroeconomic events, etc. and to develop their presentation techniques. Independent studies are a necessary complement to the teaching. Language of instructions: English and/or Swedish.

Examination

The examination consists of:

  • individual, written examination, grading scale: UV

Detailed information can be found in the study guide.

If special circumstances prevail, and if it is possible with consideration of the nature of the compulsory component, the examiner may decide to replace the compulsory component with another equivalent component.

If the LiU coordinator for students with disabilities has granted a student the right to an adapted examination for a written examination in an examination hall, the student has the right to it.

If the coordinator has recommended for the student an adapted examination or alternative form of examination, the examiner may grant this if the examiner assesses that it is possible, based on consideration of the course objectives.

An examiner may also decide that an adapted examination or alternative form of examination if the examiner assessed that special circumstances prevail, and the examiner assesses that it is possible while maintaining the objectives of the course.

Students failing an exam covering either the entire course or part of the course twice are entitled to have a new examiner appointed for the reexamination.

Students who have passed an examination may not retake it in order to improve their grades.

Grades

Three-grade scale, U, G, VG

Other information

Planning and implementation of a course must take its starting point in the wording of the syllabus. The course evaluation included in each course must therefore take up the question how well the course agrees with the syllabus. 

The course is carried out in such a way that both men´s and women´s experience and knowledge is made visible and developed.

If special circumstances prevail, the vice-chancellor may in a special decision specify the preconditions for temporary deviations from this course syllabus, and delegate the right to take such decisions.

Department

Institutionen för ekonomisk och industriell utveckling
Code Name Scope Grading scale
EXAM Examination 7.5 credits U, G, VG

Books

N. Gregory Mankiw, Macroeconomics, Worth Publishers.

Edition 8 and further of the book is ok.

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