Long-Term Macroeconomic Analysis

FIE421 Long-Term Macroeconomic Analysis

  • Learning outcome

    Learning outcome

    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.


    After having completed the course, the students will have obtained in-depth knowledge about the analysis of:

    • Long-term development patterns for the Norwegian economy as well as the main OECD economies and emerging markets like China and the other "BRICS".
    • Intertemporal macroeconomic models
    • Capital mobility and current account dynamics
    • Global financial imbalances
    • Asset markets and the macroeconomy: Wealth effects and "the equity premium puzzle"
    • Management of national wealth
    • Public debt and fiscal policy in the OECD economies
    • Macroeconomic aspects of petroleum resources, the Norwegian petroleum fund and the "Fiscal Rule".
    • Economic growth
    • Resources and climate change
    • Ageing populations and social security
    • Intergenerational redistribution of tax-burdens and welfare

  • Teaching


    Plenary lectures, student group work and guest lectures.

  • Required prerequisites

    Required prerequisites

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

  • Requirements for course approval

    Requirements for course approval

    Two mandatory case-assignments to be solved by groups.

  • Assessment


    Four hours written exam

  • Grading Scale

    Grading Scale

    Grading scale A-F.

  • Computer tools

    Computer tools

    Ordinary tools suffice (excel, powerpoint etc.)

  • Semester



  • Literature


    A selection of journal articles, chapters from textbooks and research reports.


ECTS Credits
Teaching language

Course responsible

Håkon Trettvoll,  Lassi Ahlvik, Department of Economics