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Macroeconomic theory in a globalised world

Course

International Macroeconomics

7.5 credits

AS2019 / SS2020

100%

Campus

This Master’s level course deals with theories of the economy’s capital structure and international financial flows. Financial, monetary and exchange policy is examined from the perspective of economic development in a globalised world, emphasising the links between the financial system and the real economy.

Want to know why you should study at Södertörn University? Find out here.

Tools and knowledge for analysing important societal issues After studying Economics, you can work in both the public and private sectors, for national or international organisations, with issues relating to the economics of society. In the private sector, it is common for economists to work at banks or in companies in the financial sector. However, economists may also work at consultancies or other companies that require socio-economic expertise. In the public sector, you could work at government ministries, public authorities, municipalities or the Swedish Riksbank. Studying Economics gives you important, societally beneficial knowledge. After your studies, you will have the tools and knowledge necessary to analyse important societal issues Studying Economics is not only a strength on the labour market, but it also provides an important general education for understanding our societal economy. Read about research in this subject
The consequences of globalisation on macroeconomic policy and financial flows Are you interested in capital structure and international financial flows, or macro-level societal problems in open economies? This course will provide you with theories to examine these issues through the analysis of Baltic and Central Asian transition economies, and there is a special focus on the effect of nominal prices for economic calculations. This will help you critically assess empirically and theory-based claims, as well as to understand how the theoretical perspective and the choice of methods influence scientific study. You will also learn about the consequences of globalisation for macroeconomic policy, using capital-based macroeconomic theory. This theory is applied in the comparative institutional analyses of transition economies as open economies, using an expanded capital-based macroeconomic theory to deal with international capital flows. Course design The course consists of seminars that are based on introductory lectures, and is assessed through written take-home examination, hand-in assignments and active participation in seminars.
How can we manage sparse resources and work towards sustainable economic growth? Economics is important for societal democracy, as the purpose of the subject is to investigate how we manage and distribute sparse resources. The subject therefore has a strong link to most of the UN global goals. Economics has a broad perspective that covers many societal functions, everything from conditions for businesses and employees to those for sustainable development and the role of the financial market in global stability. Economics covers many different areas and has clear links to many current societal problems. Studying the subject provides insight into environmental economics, development economics, financial economics, industrial organisation, labour market economics and various theories of international trade. These areas are strongly associated with current societal problems such as trade wars and globalisation, unemployment and integration, poverty and opportunities for development in low-income countries. If you study Economics, you will gain important societal knowledge that is beneficial on the labour market, as well as tools for analysing important societal problems. At Södertörn University, our aim is to teach the subject using a broad perspective and an unconditional approach.