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2025/2026  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 (also offered as elective)
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 Finance, Economics & Mathematics
Course coordinator
  • Mauricio Do Prado Junior - Department of Economics (ECON)
Main academic disciplines
  • Finance
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 14-05-2025

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
Course prerequisites
This course is offered as an elective to incoming exchange students. It is a mandatory course for the MSc in Applied Economics and Finance. It is assumed that students have knowledge similar to the entry requirements for this program.

Students will be selected based on their application. Please send a 1-page motivational letter, a 1-page CV, and a grade transcript to ily.stu@cbs.dk before the registration deadline for elective courses.
Examination
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 Office365 (minus Excel), document camera and paper, 7-zip file manager, Adobe Reader DC, PDF24, Texlive, VLC player, Windows Media Player – ATTENTION no sound allowed), 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.
Description of the exam procedure

Since this exam is closed book, the use of Generative AI (GenAI) tools or apps is not permitted for this exam.
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.
Research-based teaching
CBS’ programmes and teaching are research-based. The following types of research-based knowledge and research-like activities are included in this course:
Research-based knowledge
  • Classic and basic theory
  • Methodology
  • Models
Research-like activities
  • Development of research questions
  • Analysis
  • Discussion, critical reflection, modelling
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:

 

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

 

 

and article links posted in Canvas.

 

 

 
Last updated on 14-05-2025