Бакалавриат
2022/2023
Макроэкономика
Статус:
Курс обязательный (Международный бизнес)
Направление:
38.03.02. Менеджмент
Кто читает:
Департамент теоретической экономики
Где читается:
Высшая школа бизнеса
Когда читается:
1-й курс, 3, 4 модуль
Формат изучения:
без онлайн-курса
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
6
Контактные часы:
72
Course Syllabus
Abstract
"This course focusses on the workings of an economy taken as a whole as an interdependent system of interaction between multiple agents. It thus seeks to develop a theoretical understanding of the macro economy and of how this impacts the business environment in which individual companies operate daily. Attention is also paid to measurement of macroeconomic phenomena and to the role of government policy making in influencing key macroeconomic variables. The course is an introduction from first principles to the central themes of Macroeconomics; no prior knowledge of macroeconomics is presumed".
Learning Objectives
- This course is intended to give students a comprehensive understanding of the fundamental concepts in macroeconomic theory
- The course familiarizes students with the basics of monetary and fiscal policies and their scope to improve macroeconomic performance
- The course aims to learn students navigate in a huge amount of information about macroeconomic situation and identify the ideas, which are of primary importance for making rational business and investment decisions.
Expected Learning Outcomes
- Define the rate of inflation and explain how it can be calculated
- Explain the negative consequences of high inflation
- Explain the difference between real and nominal indicators
- Describe the business cycle and its phases
- Explain the expenditure, national income and value added approaches to calculating GDP
- Describe the relationships among GDP, net domestic product, national income, personal income, and disposable income
- Use the AD-AS model to explain the equilibrium levels of real GDP and price level
- Use the AD-AS model to explain periods of growth, recession, and expansion
- Define fiscal policy, identifying the roles of tax rates and government spending
- Differentiate between discretionary and automatic fiscal policy
- Compare expansionary and contractionary fiscal policies
- Explain how the unemployment rate is calculated
- Differentiate between the different types of unemployment
- Define economic growth
- Identify the sources of economic growth
- Define money and explain it’s functions
- Explain what a bank does
- Explain how money is created by lending
- efine monetary policy and identify the tools of monetary policy
- Explain how monetary policy affects GDP and the price level
- Define and calculate comparative and absolute advantage
- Explain how a nation’s consumers and producers are affected by impact of international trade
- Define currency exchange rates and explain how they influence trade balances
Course Contents
- Introduction to macroeconomics
- Aggregate Demand and Aggregate Supply
- AD-AS model and macroeconomic multiplier
- Business Cycle. Fiscal policy
- Unemployment and inflation
- Economic growth
- Money and banking
- International Economics
Assessment Elements
- Test 1Test, comprising questions on GDP calculation, circular flow on income and expenditures, AD-AS model, unemployment and inflation
- Final ExamFinal exam will cover questions, related to economic growth, monetary policy and international economics
- Presentation
- In-class problem solving
Interim Assessment
- 2022/2023 4th module0.15 * Presentation + 0.35 * Test 1 + 0.05 * In-class problem solving + 0.4 * Final Exam
