ECON5300 – Advanced Macroeconomic Theory

Schedule, syllabus and examination date

Choose semester

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, 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


  • 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


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


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 (Samfunnsøkonomisk analyse), can apply for admission to one of our study programmes, or apply for guest student status.


Formal prerequisite knowledge

Recommended previous knowledge

Overlapping courses

10 credits overlap with ECON9300 – Advanced Macroeconomic Theory (discontinued)


Lectures and seminars.


Ordinarily, this course has a 3-hour written school exam.

For 2021 the following applies for the exam in ECON5300:

The examination will be a 5-hour home examination in Inspera. The home exam will be an open-book exam, where all written and printed resources as well as technical support is allowed. All submitted papers will be checked for plagiarism. You can find the date and time for the exam on the semester page.

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

Previous exams

Exam papers with comments from examiner

Digital examination

The written examination is conducted in the digital examination system Inspera. You will need to familiarize yourself with the digital examination arrangements in Inspera.

Read more about written examinations using Inspera.

Examination support material

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

From spring 2018 there are two calculators allowed for examinations:

  • Aurora HC106 - a very simple calculator with most basic functionsfunctions
  • Casio FX-85EX which is a scientific calculator with 274

All other calculator types will be rejected. The calculators are checked in the exam room. There is no opportunity to lend the calculator of fellow students.
You can buy the calculators at Akademika bookstore at Blindern, or online.

The same general rules for cheating also apply when using calculator.

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

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.


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


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






Every autumn


Every autumn

Teaching language