What's included?

The importance of economics for growth and societal development

On this course, you will develop and expand on the analytical tools used on the previous course, bringing in-depth understanding of macroeconomic models that analyse national income, unemployment, inflation and exchange rates, as well as models for economic growth. You will examine stabilisation policy, as well as exogenous and endogenous growth theory and the relationship between the entrepreneur and the macroeconomic outcome. Monetary and fiscal policy is analysed through the application of macroeconomic models, as are consumption and investment in an open economy context. You will learn about the importance of economics in the process of societal development, as well as the responsibility associated with the use of economic tools.

Course design

The course is taught through lectures and seminars, and is assessed using a written take-home examination.