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.
90 ECTS of undergraduate courses in economics, whereof 30 ECTS on C-level (G2F). Proficiency in English equivalent to the Swedish upper secondary course English B/6. Mathematical Economics I D7, or the equivalent.
Applicants in some programs at Umeå University have guaranteed admission to this course. The number of places for a single course may therefore be limited.
Application deadline was
15 October 2018.
Please note: This second application round is intended only for EU/EEA/Swiss citizens.