Economics: Applied International Macroeconomics

In an interconnected world, global economies are shaped by cross-border flows of goods, services and capital. In this course, you examine how these international flows create opportunities and constraints for open economies and how they interact with production, prices and economic policy.

We will cover both real and financial aspects of international macroeconomics, including balance-of-payments dynamics, exchange rate movements and the costs and benefits of global financial integration.

You will work actively with applied theoretical reasoning and empirical material. You will analyse macroeconomic imbalances and assess how fiscal and monetary policy operate in open economies. You will also examine the global financial system and different currency regimes, as well as how capital flows, exchange rate regimes and policy choices can reduce or amplify financial crisis risks.

By the end of the course, you will be able to connect theory with data, evaluate international macroeconomic developments and explain key empirical regularities that characterise the global economy and financial system. You will be able to identify the main patterns shaping international capital flows, exchange rates and policy choices, and interpret how these influence macroeconomic outcomes and constraints across countries.

Course literature

The course literature listed may be updated up to eight weeks before the course begins.

Teaching consists mainly of lectures with integrated exercises. The lectures introduce you to core mechanisms, empirical regularities and analytical approaches to international macroeconomic questions. The exercises emphasise your ability to apply and interpret the data and empirical relationships. Your active participation and continuous engagement with course material are encouraged throughout.

Examination is based on a written final exam and an applied assignment. The written exam assesses your overall understanding and ability to integrate different parts of the course. The assignment involves you carrying out applied empirical work related to international macroeconomic data or policy issues. Together, these components aim to develop both your conceptual understanding and your ability to use macroeconomic analysis in practice.

Prerequisites

Students admitted to the Master Programme in Economics who has taken NEKN41 “Advanced Macreconomic Analysis” or an equivalent course are eligible for this course. For other students, at least 90 ECTS-credits in economics are needed for admission. These credits must include an intermediate course in microeconomics (e.g., NEKG21 "Intermediate Microeconomic Analysis"), an intermediate course in econometrics (e.g., NEKG31 "Econometrics" and an advanced course in macroeconomics (e.g., NEKN41 “Advanced Macroeconomic Analysis”) or equivalent courses.

Selection criteria

Seats are allocated according to: ECTS (HPAV): 100 %.

Tuition fees for non-EU/EEA citizens

Citizens of countries outside:

• The European Union (EU)
• The European Economic Area (EEA) and
• Switzerland

are required to pay tuition fees. You pay an instalment of the tuition fee in advance of each
semester.

Tuition fees, payments and exemptions

Full programme/course tuition fee: SEK 18,750
First payment: SEK 18,750

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Note that you may also need to pay an application fee, or provide proof of exemption.

Application fee

No tuition fees for citizens of the EU, EEA and Switzerland

There are no tuition fees for citizens of the European Union (EU), the European Economic Area (EEA) and Switzerland.