The course covers key areas in macroeconomic such as real business cycle theory and the implications of nominal rigidities and imperfect price adjustments. The course also deals with the aggregate consumption function and addresses the question of what factors may affect aggregate investments. The labor market also treated and here the focus is to understand why there may be unemployment in equilibrium. In this part of the course the focus is on the efficiency wage hypothesis, search theory, trade union models and implicit contracts. The course also covers the potential conflict of objectives that a policy-maker may have vis-à-vis the trade-off between unemployment and inflation.
The information below is only for exchange students
Starts
20 February 2025
Ends
24 March 2025
Study location
Umeå
Language
English
Type of studies
Daytime,
100%
Required Knowledge
90 credits of which 75 credits in economics including 15 credits bachelor courses (G2F). Additionally, Mathematical Economics I D7 or the equivalent. Proficiency in English equivalent to the Swedish upper secondary course English 6.
Selection
Students applying for courses within a double degree exchange agreement, within the departments own agreements will be given first priority. Then will - in turn - candidates within the departments own agreements, faculty agreements, central exchange agreements and other departmental agreements be selected.
Application code
UMU-A2313
Application
This application round is only intended for nominated exchange students. Information about deadlines can be found in the e-mail instruction that nominated students receive.
The application period is closed.
