Örebro University School of Business

Course Syllabus

General aims for first cycle education

First-cycle courses and study programmes shall develop:
- the ability of students to make independent and critical assessments
- the ability of students to identify, formulate and solve problems autonomously, and
- the preparedness of students to deal with changes in working life.

In addition to knowledge and skills in their field of study, students shall develop the ability to:
- gather and interpret information at a scholarly level
- stay abreast of the development of knowledge, and
- communicate their knowledge to others, including those who lack specialist knowledge in the field.

(Higher Education Act, Chapter 1, Section 8)

Knowledge and understanding

On completion of the course, the student shall
- Have deeper knowledge of macroeconomic theory with focus on short-term and medium-term fluctuations
- Have knowledge of financial markets and their impact on the real economy
- Understand models that describe the open economy in the long run.

Competence and skills

On completion of the course, the student shall
- Have the ability to analyse macroeconomic issues using relevant basic macroeconomic models
- Have the ability process data in order to analyse the economic fluctuation over the business cycle
- Demonstrate skills in terms of written and oral presentation of short-term macroeconomic fluctuations.

- The standard Cobb-Douglas macroeconomic production function combined with monopolistic competition on the market for goods and services
- The business cycle
- The Phillips Curve based on mark-up pricing and the role of expectations for medium run adjustment
- Fiscal and monetary policy
- Consumption theory
- Open economy models, both short run and long run relations
- The financial markets and their effects on the real economy
- Calculations of implicit forward interest rates and exchange rates.

Lectures, seminars.

Students who have been admitted to and registered on a course have the right to receive tuition and/or supervision for the duration of the time period specified for the particular course to which they were accepted (see, the university's admission regulations (in Swedish)). After that, the right to receive tuition and/or supervision expires.

For further information, see the university's local examination regulations (in Swedish).

According to the Higher Education Ordinance, Chapter 6, Section 18, a grade is to be awarded on the completion of a course, unless otherwise prescribed by the university. The university may prescribe which grading system shall apply. The grade is to be determined by a teacher specifically appointed by the university (an examiner).

According to regulations on grading systems for first- and second-cycle education (vice-chancellor's decision 2010-10-19, reg. no. CF 12-540/2010), one of the following grades is to be used: fail, pass, or pass with distinction. The vice-chancellor or a person appointed by the vice-chancellor may decide on exceptions from this provision for a specific course, if there are special reasons.

Grades used on course are Fail (U), Pass (G) or Pass with Distinction (VG).

Grades used on the course are Fail U), Pass (G) or Pass with Distinction (VG)
To achieve the final grade Pass the student must Pass all examinations. To achieve Pass with distinction, in addition the student needs to Pass with distinction on the Written examination.

For further information, see the university's local examination regulations (in Swedish).

Successful completion of at least 19 credits on the course Economics, Basic Course, 30 Credits.

For further information, see the university's admission regulations (in Swedish).

Students who have previously completed higher education or other activities are, in accordance with the Higher Education Ordinance, entitled to have these credited towards the current programme, providing that the previous studies or activities meet certain criteria.

For further information, see the university's local credit transfer regulations (in Swedish).

The course will be given in English.


Reading List and Other Teaching Materials

Required Reading

Artiklar som distribueras av läraren.
Articles distributed by the teacher.

See this Course Syllabus as PDF