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Macroeconomic theory explains aggregate quantities such as total production and its utilisation, inflation, unemployment, national budget, and balance of trade. Macroeconomic theory also shows how these quantities relate to one another. The course demonstrates both the possibilities and limits of economic policy. Economic policy is divided into fiscal policy, which directly impacts real quantities in the economy, and monetary policy, which influences the economy primarily through interest rates and the granting of credit by intermediate financial institutions. The various political monetary instruments of the Bank of Sweden are discussed. Different exchange rate systems are presented, partly according to their construction, and partly in terms of the various prerequisites of economic policy within different exchange rate systems. The causes of problems in the financial sector are discussed and how the problems can spread between countries when the financial system is increasingly globalised. Another area in macroeconomic theory differentiates between long-term growth and short-term fluctuations, and the motivational forces behind both are treated in the course.

Progressive specialisation: G1N (has only upper‐secondary level entry requirements)

Education level: Undergraduate level

Selection:

Selection is usually based on your grade point average from upper secondary school or the number of credit points from previous university studies, or both.