ECON5300 – Advanced Macroeconomic Theory
Schedule, syllabus and examination date
This course has joint teaching with ECON9300 – 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.
- 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
- 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.
10 credits overlap with ECON9300 – Advanced Macroeconomic Theory
Lectures and seminars.
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.
The written examination is conducted in the digital examination system Inspera. You will need to familiarize yourself with the digital examination arrangements in 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.
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.
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.
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.