Program Overview

Macroeconomic Analysis D27

The course covers key areas in macroeconomic such as real business cycle theory and the implications of nominal rigidities and imperfect price adjustments. The course also deals with the aggregate consumption function and addresses the question of what factors may affect aggregate investments. The labor market is also treated, with a focus on understanding why there may be unemployment in equilibrium. In this part of the course, the focus is on the efficiency wage hypothesis, search theory, trade union models, and implicit contracts. The course also covers the potential conflict of objectives that a policy-maker may have vis-à-vis the trade-off between unemployment and inflation.

Course Details

• Type: Course, second cycle
• Study pace: Full time
• Study location: Umeå
• Type of studies: On campus
• Number of credits: 7.5 credits
• Teaching hours: Daytime
• Language: English
• Application code: UMU-23108

Eligibility and Selection

• Eligibility: 90 credits of which 75 credits in economics including 15 credits bachelor courses (G2F). Additionally, Mathematical Economics I D7 or the equivalent. Proficiency in English equivalent to the Swedish upper secondary course English 6/level 2.
• Selection: Academic credits

Application and Tuition Fees

• Application fee: SEK 900
• Tuition fee, first instalment: SEK 12,075
• Total fee: SEK 12,075

Key Dates

• Starts: 19 February 2026
• Ends: 23 March 2026
• Application deadline was 15 October 2025. Please note: This second application round is intended only for EU/EEA/Swiss citizens.

About Umeå University

Umeå University is a vibrant academic community where high-quality education meets groundbreaking research in science, technology, humanities, and the arts. At Umeå University, you will learn from passionate, expert teachers and benefit from a close connection between research, education, collaboration, and innovation. The university is certified as a Healthy Campus, with many initiatives that promote health and well-being, and it ranks #1 globally in the main categories of Living, Support, and Overall Satisfaction for international students.