ECON5300 – Advanced Macroeconomic Theory
Course description
Course content
This course has joint teaching with ECON9300B – Advanced Macroeconomic Theory.
Macroeconomic theory with main emphasis on dynamic general equilibrium models. Mathematical tools for modern dynamic macroeconomics and examples of their application to business cycles, fiscal policy, growth and unemployment. Uncertainty in intertemporal models. The course is more about acquiring methodological and analytical skills than about empirical or policy applications.
Learning outcome
Knowledge
- Techniques for dynamic optimization with and without uncertainty
- Techniques for dynamic analysis in general equilibrium models
- Infinite horizon and overlapping generation models
- Economic growth
- Real business cycle models
- New Keynesian models
- Search models and search unemployment
Skills
- Reading the newest and most advanced research literature in macroeconomics
- Applying tools of dynamic analysis in research
Admission to the course
Students admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.
Students not admitted to the Master’s programme in Economics or the Master’s programme in Economic Theory and Econometrics (Samfunns?konomisk analyse), can apply for admission to one of our study programmes, or apply for guest student status.
Formal prerequisite knowledge
- ECON4310 – Macroeconomic Theory, or equivalent.
- Bachelor`s degree in Economics, or equivalent.
Recommended previous knowledge
- Students who do not have ECON3120 – Mathematics 2: Calculus and Linear Algebra / ECON4120 – Mathematics 2: Calculus and Linear Algebra and ECON3220 – Microeconomics 3 / ECON4220 – Microeconomics 3 or equivalent, are advised not to take this course.
Overlapping courses
- 10 credits overlap with ECON9300 – Advanced Macroeconomic Theory (discontinued).
- 8 credits overlap with ECON9300B – Advanced Macroeconomic Theory.
Teaching
Lectures and seminars.
The course responsible can at the beginning of the semester update the syllabus list by changing no more than 3 articles, though in a way that it will not change the overall scope or thematic content of the course.
The syllabus also includes any lecture notes that will be made available for the students in Canvas
Examination
A 3-hour written school exam.
There is a course portfolio that must be approved before you can present yourself for the written school exam.
Exam papers with comments from examiner
Examination support material
Resources allowed: Open book examination, where all printed and written resources are allowed. There is a digital scientific calculator available in Inspera.
Please note: You are not allowed to bring your own calculator. We strongly advise you to familiarize yourself with the digital calculator here: https://www.desmos.com/scientific
Language of examination
The examination text is given in English, and you submit your response in English.
Grading scale
Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.
Students who would like to have the course approved as part of the requirement for admission to our phd-program, must obtain the grade C or better. Students who would like to have the course approved as a part of our phd-program, must obtain the grade B or better.
Resit an examination
If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.
See also our information about resitting an exam.
More about examinations at UiO
- Use of sources and citations
- How to use AI as a student
- Special exam arrangements due to individual needs
- Withdrawal from an exam
- Illness at exams / postponed exams
- Explanation of grades and appeals
- Resitting an exam
- Cheating/attempted cheating
You will find further guides and resources at the web page on examinations at UiO.