Macroeconomics

2018/2019

Content, progress and pedagogy of the module

The lectures will convey an understanding of the macroeconomic system and will introduce the individual elements of this. They will include such key concepts as GDP and economic growth, inflation and unemployment and the importance of these for a company. The course will present three overall models for the total production of the economy, i.e. in the short, medium and long terms. The equilibrium in the commodity, money and labour markets for an open economy in an international context will constitute a point of departure. Subsequently, the models will be used to explain the effect macro-economic shocks and changes in the economic policy in Denmark and internationally have on socio-economics and on a company.

Learning objectives

Knowledge

The student must through the module obtain knowledge about:

  • Demonstrating knowledge of key socio-economic concepts, theories, models and perspectives, including the socio-economic system and the fields of action of the general economic policies in Danish and international economies as well as their importance for the company.

Skills

The student must through the module obtain skills in:

  • Applying socio-economic theories and models for the analysis of concrete socio-economic issues and understanding the implications of these for the company.

  • Reflecting on the applications and limitations of the theories.

Competences

The student must through the module obtain competences to:

  • Analysing, synthesising and reflecting on how different socio-economic concepts, theories and perspectives in combination make it possible to understand and work with socio-economic issues, including their importance for the possibilities of the company.

Exam

Exams

Name of examMacroeconomics
Type of exam
Written exam
ECTS5
Permitted aids
All written and all electronic aids
Assessment7-point grading scale
Type of gradingInternal examination
Criteria of assessmentModule examinations are assessed according to the Danish 7-point grading scale. The grade 12 will be awarded to students who give an excellent performance and demonstrate that they have fulfilled the above objectives exhaustively or with few insignificant omissions. The grade 02 will be awarded to students who demonstrate that they have fulfilled the minimum acceptable level of the above learning objectives.

Facts about the module

Danish titleMakroøkonomi
Module codeBAEBA20174
Module typeCourse
Duration1 semester
SemesterSpring
ECTS5
Language of instructionEnglish
Location of the lectureCampus Aalborg
Responsible for the module

Organisation

Study BoardStudy Board of Business Economics
FacultyThe Faculty of Social Sciences
SchoolSchool of Business and Economics