English   Danish

2024/2025  KAN-CEAPO2003U  Firms in a Global Macroeconomic Environment

English Title
Firms in a Global Macroeconomic Environment

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Semester
Start time of the course Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for OECON and ECFI
Course coordinator
  • Mauricio Prado - Department of Economics (ECON)
Main academic disciplines
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 12-03-2024

Relevant links

Learning objectives
  • explain the fundamentals of growth and productivity
  • explain the determinants of production, consumption, savings and investment
  • explain the effects of policies and shocks on the economy
  • explain concepts in international financial markets
Firms in a Global Macroeconomic Environment:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer
Aids Closed book: no aids
However, at all written sit-in exams the student has access to the basic IT application package (Microsoft Office (minus Excel), digital pen and paper, 7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows Media Player), and the student is allowed to bring simple writing and drawing utensils (non-digital). PLEASE NOTE: Students are not allowed to communicate with others during the exam.
Make-up exam/re-exam
Same examination form as the ordinary exam
The number of registered candidates for the make-up examination/re-take examination may warrant that it most appropriately be held as an oral examination. The programme office will inform the students if the make-up examination/re-take examination instead is held as an oral examination including a second examiner or external examiner.
Course content, structure and pedagogical approach

The aim of the course is to provide students with an understanding of the macroeconomic environment of firms and businesses. Such understanding is essential for key employees in both financial and non-financial institutions, corporations, and the government. The course focuses on growth, productivity and international financial markets. The course will also study fiscal and monetary policies.

Description of the teaching methods
These class activities will involve lectures and problem-solving exercises for a total of 42 hours.
Feedback during the teaching period
The teacher provides solutions to exercises allowing the students to check their abilities to solve relevant problems.
Student workload
Exam 4 hours
Classes + Exercises 46 hours
Preparation 156 hours
Expected literature

The literature for this course includes:


Romer (2019) Advanced Macroeconomics, McGraw-Hill, 5th edition. 


Obstfeld and Rogoff (1996) Foundations of International Macroeconomics. MIT Press.


Uribe and Schmitt-Grohé (2017) Open Economy Macroeconomics. Princeton University Press.



Last updated on 12-03-2024