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IEN320 Macroeconomics, Advanced Level 7.5 ECTS credits | |
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TIMEPERIOD: Q 1 and Q3 LANGUAGE:English/Swedish EXAMINER Bo Jonsson Univ adj PREREQUISITES IEN 326, IEN 327, IEN 328 and one of IEN 329, IEN 331 or IEN336 or corresponding. COURSE AIM The aim of the course is to provide more in-depth knowledge in economic theory as well as the ability to apply this knowledge on current problems. CONTENTS The course will explain and provide an advanced understanding of business cycles and their determinants, financial and monetary policy, and other stabilization models, in theory as well as in practice. the emphasis is on Swedens's current economic situation.
In the course Keynesian, classical and modern models are used to study how wages are set, employment and inflation, theories of sticky wages and prices, and how these affect business cycles. Also, the requirements for stabilization policy are analyzed, with special focus on the significance of rational expectations and a credible economic polity. The goals of stabilization policy as well as the goals of financial and monetary policy are also analyzed.
Moreover, the financing of budget deficits and the significance of deficits, savings, investments and the setting of interest rates are analyzed. Stabilization policy under different exchange rate regimes is analyzed, and the conditions for growth encouraging economic policy are discussed.
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| Written exam | 7.50ECTS |
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COURSE LITERATURE Scarth W.M.: Macroeconomics: An Introduction to Advanced Methods. Harcourt Brace Jovanovich, 1988 Further information: International Office |
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