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: 11.01.2022 - 22.02.2022

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Niku Määttänen, Jan Jääskeläinen

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

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    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 for whole curriculum period:

    Exam, exercises

  • valid for whole curriculum period:

    lectures, exercises and preparation


Study Material
  • valid for whole curriculum period:

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

Substitutes for Courses
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth


Further Information
  • valid for whole curriculum period:

    The courses Intermediate Macroeconomics I and Intermediate Macroeconomics II replace the course 31C00200 Makrotaloustiede.

    Teaching Period:

    2020-2021 Spring III

    2021-2022 Spring III

    Course Homepage:

    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu ( instead of WebOodi.