Macroeconomics

The course is included in the second semester of the Bachelor’s Programme in Business and Economics. It is not offered as a freestanding course. The course is open to incoming exchange students.

Department of Economics

The course presents, at an introductory level, how an economy works at a societal level. During the course, key concepts such as GDP, growth, inflation and unemployment are discussed, as well as how these are related to each other. The main features of the Swedish economy are presented. Students will also learn how monetary and fiscal policy can affect economic activity. Fundamental macroeconomic models are covered and thecourse provides an understanding of how to use these to analyse various economic problems. The course also shows how economic analysis differs across the short, medium and long run.

On successful completion of the course the student shall be able to:

1. describe and explain fundamental concepts and relationships in macroeconomicsand how they are related to each other;
2. describe and explain fundamental facts about the Swedish economy, economicpolicy and the role that central institutions play in macroeconomics; 
3. describe fundamental macroeconomic models critically, and demonstrate with words, equations and graphs how the models are used to analyse macroeconomic problems.

Lectures and practice assignments.

Language of instruction: English

Objectives 1-3 are examined via a written examination completed individually.

In addition to the compulsory written examination, there are non-compulsory assignments, such as tests, that provide students with the opportunity of earning extra points. Students can only participate in the non-compulsory assignments and earn extra points while they are registered on the course.

If a student who has been failed twice for the same examination element wishes to change examiner before the next examination session, such a request is to be granted unless there are specific reasons to the contrary (Chapter 6 Section 22 HF).

If a student has received a certificate of disability study support from the University of Gothenburg with a recommendation of adapted examination and/or adapted forms of assessment, an examiner may decide, if this is consistent with the course’s intended learning outcomes and provided that no unreasonable resources would be needed, to grant the student adapted examination and/or adapted forms of assessment.

If a course has been discontinued or undergone major changes, the student must be offered at least two examination sessions in addition to ordinary examination sessions. These sessions are to be spread over a period of at least one year but no more than two years after the course has been discontinued/changed.

If a student has been notified that they fulfil the requirements for being a student at Riksidrottsuniversitetet (RIU student), to combine elite sports activities with studies, the examiner is entitled to decide on adaptation of examinations if this is done in accordance with the Local Rules Regarding RIU Students at the University of Gothenburg.

The grading scale comprises: Excellent (A), Very good (B), Good (C), Satisfactory (D),Sufficient (E) and Fail (F).

To obtain a passing course grade, students must receive a passing grade on the individual written examination. To determine the final grade, points from the non-compulsory assignments, if any, are combined with the points received from the written examination. Any extra points earned from the non-compulsory assignments are only valid during the course (initial examination and two re-examinations).

After completion of the course, a course evaluation will be carried out in accordance with the procedures established for the Bachelor's Programme in Business and Economics. The results of the evaluation, together with any resulting changes to the course, will be communicated to the students who participated in the evaluation as well as to those enrolled in the subsequent offering of the course.