Algengar spurningar

Þjóð3OH05 – Macroeconomics

The course looks at the principles of the economy, trade between nations and their feasibility. It also looks at the impact on goods and services when customs duties are imposed. The total demand and total supply in the economy will be examined. What are the impact factors and the signs that explain why the overall demand curve falls downwards. It will also be examined what the impact will be in the economy when the government applies different financial policies. In connection with these issues, theories and models will be examined. The course also covers international organizations and their role. Special attention will be paid to institutions related to the Icelandic economy in one way or another.