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2026/2027  MA-MMBAO1090U  Macroeconomics and Financial Markets

English Title
Macroeconomics and Financial Markets

Course information

Language English
Course ECTS 3 ECTS
Type Mandatory
Level Part Time Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Master of Business Administration
Programme Master of Business Administration
Course coordinator
  • Jesper Rangvid - Department of Finance (FI)
Main academic disciplines
  • Finance
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 26-06-2026

Relevant links

Learning objectives
Participants completing this course are expected to be able to understand and explain a number of economic phenomena, such as:
  • Explain fundamental economic behavior in the goods, financial and labour markets.
  • Demonstrate an understanding of macroeconomic (fiscal policy, monetary policy, financial stability policy) responses to macroeconomic fluctuations and how such responses affect firms and households.
  • Explain how the macroeconomic situation affects financial markets and financial assets, and vice versa
  • Apply economic and financial theory and empirics to firms’ decisions and behaviour, such as investment and financing decisions and their operating performance.
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved (see section 13 of the Programme Regulations): 1
Compulsory home assignments
On-site applied assignment: Group presentation of company case. As part of the presentation, students will provide peer-feedback, both on the work done in the groups and on the in-class presentation of the groups' solution to the assignment.
Examination
The exam in the subject consists of two parts:
Part 1 - Macroeconomics and Financial Markets:
Sub exam weight50%
Examination formWritten sit-in exam on CBS' computers
Individual or group examIndividual exam
Assignment typeMultiple choice
Duration2 hours
Grading scale7-point grading scale
Examiner(s)One internal examiner
Exam periodAutumn and Winter
AidsClosed 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.
The make-up/re-examination may be held as an oral examination if the number of registered candidates warrants this.
Part 2 - Macroeconomics and Financial Markets:
Sub exam weight50%
Examination formHome assignment - written product
Individual or group examIndividual exam
Size of written productMax. 5 pages
Assignment typeWritten assignment
Release of assignmentSubject chosen by students themselves, see guidelines if any
DurationWritten product to be submitted on specified date and time.
Grading scale7-point grading scale
Examiner(s)One internal examiner
Exam periodWinter and Spring
Make-up exam/re-exam
Same examination form as the ordinary exam
The make-up/re-examination may be held as an oral examination if the number of registered candidates warrants this.
Course content, structure and pedagogical approach

This course offers a broad introduction to some key issues in current macroeconomic and financial debates.

The aim of this course is to enable the participants to better understand, first, the origin of macroeconomic and financial issues affecting economics; second, how they may be mitigated through economic policy; third, what determines interest rates and returns on other financial assets. In the course, emphasis is on how macroeconomic developments affect financial markets and the financing opportunities of firms.

 

Throughout the course, modern analytical tools will be used to address these issues. Intuition and real-world applications are prioritized over formal models and technical details. The reading material is based on textbook chapters, articles from international journals and reports from respected policy institutions and think tanks. All sessions will comprise elements of both lectures and discussion, in plenum as well as in groups. 

 

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
  • New theory
  • Teacher’s own research
  • Methodology
  • Models
Research-like activities
  • Data collection
  • Analysis
  • Discussion, critical reflection, modelling
Description of the teaching methods
The course is structure in 8 sessions and diverse teaching methods using lectures, cases, readings, and discussions. The class meetings are interactive and require ongoing engagement of the students.
The module may include visits to financial and other companies.
Feedback during the teaching period
The feedback
Feedback is given to the student together with the grade when written and oral exams have been evaluated.

The evaluation
At the evaluation unit at CBS’s Economic & Analysis department we ask you to evaluate the overall course. In other words if there has been exercise classes and lectures the evaluation should include both. We evaluate every course and faculty to secure and strengthen the professional level of the offered course.
Student workload
Lectures 32 hours
Preparation + Exam 50,5 hours
Expected literature

Syllabus will be available, well in time, before the first session

Last updated on 26-06-2026