FIE421 Long-Term Macroeconomic Analysis

• Topics

  In Norway as well as any other economy in today's globalized world, important issues that take center stage in the economic policy debate include economic growth and national wealth, the interaction between macroeconomic developments and the financial markets, social security and intergenerational redistribution. This course deals with these issues and provides both analytical skills and applied insights necessary for the understanding and analysis of the macroeconomic developments in the years to come.

• Learning outcome

  Knowledge

  On successful course completion, the student

  • will have in-depth knowledge of long-term developments and challenges in the Norwegian and other developed economies
  • will be able to discuss the costs and benefits of dealing with long-term challenges such as climate change
  • will be able to evaluate the impact of economic policies on economic growth

  Skills

  On successful course completion, the student

  • can apply intertemporal macroeconomic models to analyze the long-term developments in an economy
  • can discuss growth models and analyze the drivers of economic growth
  • can analyze the tradeoffs involved in the intergenerational redistribution of tax-burdens and welfare
  • can discuss the recent academic literature related to the course

  General competence

  On successful course completion, the student

  • can communicate the key issues concerning long-term economic developments
  • can discuss whether current economic policy is suited to deal with long-term challenges

• Teaching

  Plenary lectures, student group work and guest lectures.

• Required prerequisites

  Basic knowledge in macroeconomics, finance and quantitative methods from the bachelor program.

• Compulsory Activity

  Two written assignments. Students must pass both assignments.

• Assessment

  Individual written home exam.

  Duration: 4 hours.

  Language: English.

• Grading Scale

  Grading scale A-F.

• Literature

  Selected chapters from various textbooks and scientific papers. A full reading list will be announced at the beginning of the course.