Macroeconomic Principles 7,5 CreditsIn the Macroeconomic Principles course, the aggregate economy and its development are studied. The analysis of the interaction between macroeconomic variables such as growth, inflation, and unemployment are integral elements. Possibilities and difficulties to manage the economy with the aid of economic policy as well as how the open economy is affected by international developments are also central to this part of the course.
Course ContentsThe course introduces macroeconomic indicators, models, and theories that are useful for studying the mechanisms of an aggregate economy, in the short-, medium-, and long-term.
Important elements of the course are:
• Macroeconomic indicators such as gross domestic product, CPI, inflation, and unemployment rate measures.
• Real wage formation and unemployment in the labor market.
• Determinants of long-run economic growth.
• The financial system and the allocation of saving.
• Components of aggregate spending; consumption, investments, government expenditure and net exports.
• The effect of a change in aggregate spending on the equilibrium output.
• The market for money and the market for goods and services.
• Properties, causes, and consequences of short-run economic fluctuations.
• Decisions about government spending, discretionary fiscal policy, and automatic stabilizers.
• The role of the central bank and the effectiveness of monetary policy.
• Effects of macroeconomic policies on inflation.
• The role of the exchange rate in trade and its implication on macroeconomic policies.
Connection to Research and Practice
The macroeconomic models introduced in the course are based on research. The theories on economic growth broadly connect to JIBS research area renewal. Macroeconomic indicators, theories, and models are put into practice through the exercises and the assignment, which involve real-world issues.
PrerequisitesGeneral entry requirements and English B, Mathematics C and Civics A (Field-specific entry requirements 4)and required grade Passed.
Exemption from the requirement of having Swedish course B is given.
Level of Education: Undergraduate
Course code/Ladok code: JMPG14
The course is conducted at: Jönköping International Business School
Upcoming course occasions
Type of courseProgram
SemesterSpring 2023: Jan 16 - Mar 26
Rate of Study50%
Course coordinatorMiquel Correa
Tuition fees do NOT apply for EU/EEA citizens or exchange students12500kr