Economics: Advanced Macroeconomic Analysis
Course · 7.5 credits
The course covers basic macroeconomic theory at an advanced analytical and formal level. An important part consists of modern macroeconomic models based on individual forward-looking behaviour of firms and households.
The course deals primarily with the short run, i.e. business cycle phenomena and stabilization policy. In addition, the determinants of long-run inflation and unemployment are studied. The course begins with consumption and investment theory. These theories form the basis of the real business cycle theory where the cycle and economic growth are treated simultaneously.
Then follows New Keynesian models of the business cycle, which rely on temporarily fixed prices and wages. The causes of temporarily fixed prices and wages are studied in detail. Next, the theories of structural unemployment are presented. Finally, fiscal and monetary policy are analyzed.
Applications will open on the
Department of Economics
Tycho Brahes väg 1, 223 63 Lund
Box 7080, 220 07 Lund
+46 46 222 00 00
+46 46 222 86 75
marten [dot] wallette [at] nek [dot] lu [dot] se
Requirements and selection
at least 60 ECTS in economics, including Microeconomic Analysis, Macroeconomic Analysis and Econometrics or equivalent courses
English language requirements
Most of Lund University’s programmes require English Level 6 (unless otherwise stated under 'Entry requirements'). This is the equivalent of an overall IELTS score of 6.5 or a TOEFL score of 90. There are several ways to prove your English language proficiency – check which proof is accepted at the University Admissions in Sweden website. All students must prove they meet English language requirements by the deadline, in order to be considered for admission.
Check if there are any country-specific eligibility rules for you to study Bachelor's or Master's studies in Sweden:
Start Autumn Semester 2022
Day-time Lund, part time 50%
31 October 2022 - 15 January 2023
Closed for applications
Start Autumn Semester 2023
Day-time Lund, part time 50%
27 October 2023 - 14 January 2024
Will open for applications 2023-03-15
How to apply
Lund University uses a national application system run by University Admissions in Sweden. It is only possible to apply during the application periods.
Step 1: Apply online
- Check that you meet the entry requirements of the programme or course you are interested in (refer to the section above on this webpage).
- Start your application – go to the University Admissions in Sweden website where you create an account and select programmes/courses during the application period.
Visit the University Admissions in Sweden website
- Rank your programme/course choices in order of preference and submit them before the application deadline.
Step 2: Submit documents
- Read about how to document your eligibility and how to submit your documents at the University Admissions in Sweden website. Follow any country-specific document rules for Master's studies or Bachelor's studies
Country-specific requirements for Bachelor's studies – universityadmissions.se
Country-specific requirements for Master's studies – universityadmissions.se
- Get all your documents ready:
- official transcripts and high school diploma (Bachelor's applicants)
- official transcripts and degree certificate or proof of expected graduation (Master's applicants)
- passport/ID (all applicants) and
- proof of English proficiency (all applicants).
- Prepare programme-specific documents if stated in the next paragraph on this webpage.
- Upload or send all required documents to University Admissions before the document deadline.
- Pay the application fee (if applicable – refer to the section below on this webpage) before the document deadline.
* Note that the process is different if you are applying as an exchange student or as a part of a cooperation programme (such as Erasmus+).
* If you have studied your entire Bachelor's programme in Sweden and all of your academic credits are in Ladok, you do not have to submit transcripts or your diploma when applying for a Master's programme. However, there may still be other documents you need to submit! See the link below.
* Svensk student?
Läs instruktionerna om att söka till ett internationellt masterprogram på lu.se
Full programme/course tuition fee: SEK 15 000
First payment: SEK 15 000
Citizens of a country outside of the European Union (EU), the European Economic Area (EEA) and Switzerland are required to pay tuition fees. You pay one instalment of the tuition fee in advance of each semester.
EU/EEA citizens and Switzerland
There are no tuition fees for citizens of the European Union (EU), the European Economic Area (EEA) and Switzerland.
If you are required to pay tuition fees, you are generally also required to pay an application fee of SEK 900 when you apply at the University Admissions in Sweden website. You pay one application fee regardless of how many programmes or courses you apply to.
- Paying your application fee – universityadmissions.se
- Exemptions from paying the application fee – universityadmissions.se
- Convert currency – xe.com
*Note that there are no tuition or application fees for exchange students or doctoral/PhD students, regardless of their nationality.
Scholarships & funding
Lund University Global Scholarship programme
The Lund University Global Scholarship programme is a merit-based and selective scholarship targeted at top academic students from countries outside the EU/EEA.
Swedish Institute Scholarships
The Swedish Institute offers scholarships to international students applying for studies in Sweden at Master's level.
Country-specific scholarships and funding options
Lund University has agreements with scholarship organisations and funding bodies in different countries, which may allow applicants to apply for funding or scholarships in their home countries for their studies at Lund University.