Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


Students understand key macroeconomic concepts and can use basic models of economic growth, labour markets and goods and money markets to analyse the effects of monetary and fiscal policies on key macroeconomic variables.

Credits: 6

Schedule: 12.01.2021 - 23.02.2021

Teacher in charge (valid 01.08.2020-31.07.2022):

Teacher in charge (applies in this implementation): Meri Obstbaum

Contact information for the course (applies in this implementation):

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English


  • Valid 01.08.2020-31.07.2022:

    Key macroeconmic concepts and models e.g. national accounting, long-run growth, wages and unemployment, interest rates, goods and money markets, IS-TR-IFM-model.

Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    Exam, exercises

  • Valid 01.08.2020-31.07.2022:

    lectures, exercises and preparation


Study Material
  • Valid 01.08.2020-31.07.2022:

    Burda&Wyplosz, Macroeconomics a European text, Oxford University.

  • Valid 01.08.2020-31.07.2022:

    Taloustieteen perusteet/Principles of Economics (31A00110, ECON-A2100, or equivalent).

SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth