Macroeconomics, Globalization and Economic Growth15.0 ECTS credits
Macroeconomic theory explains aggregate quantities such as total production and its utilisation, inflation, unemployment, national budget, and balance of trade. Macroeconomic theory also shows how these quantities relate to one another. The course demonstrates both the possibilities and limits of economic policy. Economic policy is divided into fiscal policy which directly impacts real quantities in the economy, and monetary policy which influences the economy primarily through interest rates and the granting of credit by intermediate financial institutions. The various political monetary instruments of the Bank of Sweden are discussed. Different exchange rate systems are presented, partly according to their construction, and partly in terms of the various prerequisites of economic policy within different exchange rate systems. The causes of problems in the financial sector are discussed and how the problems can spread between countries when the financial system is increasingly globalised. Another area in macroeconomic theory differentiates between long-term growth and short-term fluctuations relating to long-term trends and motivational forces.
Progressive specialisation: G1N (has only upper‐secondary level entry requirements)
Education level: Undergraduate level
Admission requirements: General admission requirements plus either - field-specific eligibility A4 (upper secondary school level Mathematics 3b or 3c, Civics 1b or 1a1 + 1a2), or - field-specific eligibility 4 (upper secondary school level English B, Mathematics C, Civics A), with the exception of English B. - course NEGA10, or equivalent
Selection is usually based on your grade point average from upper secondary school or the number of credit points from previous university studies, or both.