GRA 6516 Economics for Finance
GRA 6516 Economics for Finance
The course, which is an introductory economics course on master level, provides the students with the main concepts and models used in modern micro- and macroeconomic analysis.
Provide students with an understanding of the key areas of economic theory such as:
- The nature of economic decisions of individual units and implications for the allocation of resources in the economy.
- The mechanism that shape business cycles
- The impact of monetary and fiscal policy
- The economic principles to understand financial markets.
- Students should be able to analyze how consumers and firms respond to incentives, how resources are allocated and their welfare consequences.
- Students should possess skills to evaluate macro-economic policy.
- Students should possess skills to analyze the economic forces driving financial markets.
- Through this course, students should develop basic understanding of how market outcomes are shaped by individual decisions, institutions and economic policy.
- The course provides the students with a thorough understanding of the micro economic foundation of macroeconomic models.
- The course provides the students with a solid background on the economics forces driving financial markets.
Microeconomics
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Utility Maximization and Demand Function
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Intertemporal Choice and Uncertainty
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Firm Behavior and Supply Function
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Competitive Markets
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General Equilibrium in Endowment Economies
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General Equilibrium with Production
Macroeconomics
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Fiscal Policy
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The Role of Money
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Basic Macroeconomic Model: IS Curve and Policy
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IS-LM and the Role of Monetary Policy
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Financial Markets and Macroeconomics
- The course involves mostly lectures, where we rigorously go over the economic theory, through mathematical derivations and graphs. During classes, there will also be discussions on how the theory applies to real-world situations.
Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class.
This is a course with continuous assessment (several exam components) and one final exam code. Each exam component is graded by using points on a scale from 0-100. The components will be weighted together according to the information in the course description in order to calculate the final letter grade for the examination code (course). Students who fail to participate in one/some/all exam elements will get a lower grade or may fail the course. You will find detailed information about the point system and the cut off points with reference to the letter grades when the course starts.
At resit, all exam components must, as a main rule, be retaken during next scheduled course.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
Covid-19
Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.
| Assessments |
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Exam category: Submission Form of assessment: Written submission Weight: 20 Grouping: Individual Duration: 1 Week(s) Comment: Assignment Exam code: GRA65161 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 80 Grouping: Individual Support materials:
Duration: 3 Hour(s) Comment: Final written examination under supervision. Exam code: GRA65161 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.