Upon completion of the course, students can:
Knowledge
- discuss the measurement of the aggregate economy and the role of trend vs cycle
- describe the definition and measurement of core concepts such as labor and total factor productivity and the distribution of income
- identify the role of a Central Bank
- recognize the role of the exchange rate for the market conditions of the firm
- demonstrate how macroeconomic theory can be integrated with climate analysis
Skills
- analyze and discuss Central Bank actions and choices using macroeconomic data and economic theory
- use economic theory to analyze the implications of trade on firms and workers
- use economic theory to understand the impact of governmental policies on trade
- discuss the impact of technological trends such as automation, AI, robotics, and digitalization on the aggregate economy and on trade flows and global value chains
General competence
- apply the theoretical concepts learned in the course to analyze real-life macroeconomic issues
- analyze macroeconomic patterns and trade flows by combining data and economic theory