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.
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.
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.
The student must through the module obtain competences to:
|Name of exam||Macroeconomics|
|Type of exam|
All written and all electronic aids
|Assessment||7-point grading scale|
|Type of grading||Internal examination|
|Criteria of assessment||Module 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.|
|Language of instruction||English|
|Location of the lecture||Campus Aalborg|
|Responsible for the module|
|Study Board||Study Board of Business Economics|
|Department||Department of Business and Management|
|Faculty||The Faculty of Social Sciences|