ME2720 Macroeconomics for Business
KTH Royal Institute of Technology
Higher education of at least 120 credits, of which at least 30 credits within mathematics/economics and documented proficiency in English B or the equivalent.
The course intends to give a deep theoretical but also practical knowledge in applied macroeconomics. Strong emphasis is placed on students solving "case studies" where they are given assignments that should be solved in groups of 2-3 students. The working method where 2-3 students jointly solve assignments are thought to stimulate discussion and create a deeper understanding of macroeconomic problem formulation and problem-solving. The practical assignments consist largely of data collection, data processing, calculation and analysis of results and oral and written presentation.
Important parts of the course include:
- How the different components of the macroeconomics stick together
- Exchange rates, deflation, inflation and prices
- Focus on empirical macroeconomics
- Technical development, innovation, competitiveness and growth
- Monetary and fiscal policy
- Financial markets, labour and product market
- Compile, analyse and report on macroeconomic data, verbally and in writing
On completion of the course students should be able to:
- Relate theoretical macroeconomic models to policy issues
- Show a broad expertise in macroeconomics
- Use macroeconomic theory and empirical data to generate decision support
- Independently and in groups analyse, reason and communicate on issues related to macroeconomic variables, both in writing and verbally
- Select relevant macroeconomic models and empirical methods for analysing macroeconomic phenomena
- Reflect over how economic shocks influence the aggregate economic development in a short and long perspective
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