Macroeconomics [2nd group]
Preliminary requirements:
No prior exposure to any related courses is required. The course’s programme is designed to be accessible to all students regardless of their background.
Course Description:
Lecture
- Introduction to macroeconomics
- National income
- Prices
- Long run economic growth
- Saving & investment
- Unemployment
- Money and banking systems
- Short term economic fluctuations
- Monetary policy
- Fiscal policy
- Open economy macroeconomics
- Summary and grades
Seminar
- Introduction to macroeconomics
- National income
- Prices
- Long run economic growth
- Saving & investment
- Unemployment
- Money and banking systems
- Short term economic fluctuations
- Monetary policy
- Fiscal policy
- Open economy macroeconomics
- Summary and grades
Aims of the course:
W1. Student identifies the most important factors underpinning basic macroeconomic mechanisms and policies.
W2. Student explains reasons for adopting specific macroeconomic measures in different circumstances/situations.
W3. Student defines and understands monetary and fiscal policy.
W4. Student presents economic growth strategies in conjunction with relevant economic theories.
U1. Student is able to interpret different macroeconomic variables and indices.
U2. Student assesses different macroeconomic policies in short term and long term perspective.
U3. Student analyses processes and macroeconomic mechanisms using examples of specific case studies.
U4. Student characterises specific structural features of economy in different geographical contexts.
K1. Student is able to critically assess macroeconomic policies put in place by governments.
K2. Student, based on class discussions, verifies his/her own opinions on specific macroeconomic policies, measures and goals.
K4. Student possesses competences required for travel and work in different countries.
K5. Student acquires special skills that help him see and understand specific macroeconomic problems in a global perspective.
Teaching methods:
Interactive lecture, problem solving and application, class discussion, assigned readings, case studies, group work, multimedia presentation.
Evaluation & Completion:
Lecture: multiple question test (50 percent + one point for pass).
Seminar: participation in class discussion + problem solving and application of key concepts.
Basic Literature:
N. Gregory Mankiw, Macroeconomics (9th edition), Worth Publishers, New York 2015.
Additional Literature:
Campbell McConnell and Stanley Brue, Macroeconomics: Principles, Problems & Policies (20th Edition), McGraw-Hill Education, New York 2014.
Paul Krugman and Robin Wells, Macroeconomics (4th Edition), Worth Publishers, New York 2015.
Olivier Blanchard and David R. Johnson, Macroeconomics (6th Edition), Pearson, New York 2012.
