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 can apply basic macroeconomic models to evaluate macroeconomic trends and risks and to analyse a range of global policy issues.

Credits: 6

Schedule: 02.03.2021 - 13.04.2021

Teacher in charge (valid 01.08.2020-31.07.2022): Mitri Kitti

Teacher in charge (applies in this implementation): Mitri Kitti

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 eg. endogenous growth models, international trade, international financial markets, AS-AD-model, systemic risks, macroprudential policies.

Assessment Methods and Criteria
  • 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:

    The following courses are strongly recommended: Taloustieteen perusteet/Principles of Economics (31A00110, ECON-A2100, or equivalent) and Intermediate Macroeconomics I (ECON-C3100).

SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth