ECON5300 – Advanced Macroeconomic Theory

Schedule, syllabus and examination date

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


  • 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


  • Reading the newest and most advanced research literature in macroeconomics
  • Applying 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.


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.

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 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:

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