ECON5300 - Advanced Macroeconomic Theory

Schedule, syllabus and examination date

Choose semester

Course content

Macroeconomic theory with main emphasis on dynamic general equilibrium models. Mathematical tools for modern dynamic macroeconomics and examples of their application to business cycles, assset pricing, 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
  • Asset pricing in general equilibrium
  • Optimal taxation in an intertemporal setting
  • Economic growth
  • Real business cycle models
  • Search models and search unemployment

Skills

  • Reading the newest and most advanced research literature in macroeconomics.
  • Appling tools of dynamic analysis in research.

Admission

Students who are admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.

If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.

Apply for guest student status if you are admitted to another Master's programme, or have completed a master in Economics at UiO or another Norwegian University.

Prerequisites

Formal prerequisite knowledge

ECON4410 or ECON4310 - Macroeconomic Theory

Teaching

Lectures: 2 hours per week throughout the semester.

Seminars: 2 hours per week through parts of the semester.

Examination

A 3 hour written school exam. There is a course portfolio that must be approved before you can present your self for the written school exam.

Previous exams

Examination support material

Students may use dictionaries at this exam. Dictionaries must be handed in before the examination. Please read regulations for dictionaries permitted at the examination.

Resources allowed: Open book examination where all printed and written resources, in addition to calculator, are allowed.

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.

Explanations and appeals

It is recommended to request an explanation of your grade before you decide to appeal.

Appeal

Explanation

The deadline to request an explanation is one week after the grade is published. For oral and practical examinations, the deadline is immediately after you have received your grade.

The explanation should normally be given within two weeks after you have asked for it. The examiner decides whether the explanation is to be given in writing or verbally.

Ask for an explanation about the grade in ECON5300.

Ask for an explanation about the grade in ECON9300.

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.

Withdrawal from an examination

It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.

Special examination arrangements

Application form, deadline and requirements for special examination arrangements.

Evaluation

The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.

Other

This course prepares for the Ph.D. program. It provides a head start for last-year master students who intend to continue with a Ph.D.

Facts about this course

Credits

15

Level

Master

Teaching

Every autumn

Examination

Every autumn

Teaching language

English