Бакалавриат
2022/2023
Основы макроэкономики
Лучший по критерию «Полезность курса для расширения кругозора и разностороннего развития»
Лучший по критерию «Новизна полученных знаний»
Статус:
Курс по выбору (Международный бакалавриат по бизнесу и экономике)
Направление:
38.03.01. Экономика
Кто читает:
Департамент экономики
Где читается:
Санкт-Петербургская школа экономики и менеджмента
Когда читается:
1-й курс, 3, 4 модуль
Формат изучения:
без онлайн-курса
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
5
Контактные часы:
72
Course Syllabus
Abstract
This course is an introductory macroeconomics course designed for students majoring in Economics and Management.
Learning Objectives
- Know and systematize basic macroeconomic concepts, trends, and problems
- Understand and explain possible macroeconomic consequences of different decisions, made by economic agents in the closed and open economy environment
- Be able to describe the real-world macroeconomic phenomena using simple theoretical models and to interpret the results
- Be able to characterize the relations and causal links between different macroeconomic variables
- Obtain the skills to search for relevant macroeconomic information
- Apply the acquired knowledge to the analysis of domestic and foreign macroeconomic statistics
Expected Learning Outcomes
- Get motivated and ready to start
- Acquaintance with major macroeconomic variables, their sources and links between them, standard techniques of preparing the data for the analysis
- Know microeconomic and macroeconomic factors that determine potential output
- Understand causal links between the factors and potential output
- Able to estimate them quantitatively using macroeconomic statistics
- Know microeconomic and macroeconomic factors that determine capital market equilibrium
- Understand causal links between the factors and real interest rate, saving, investment, and stock of capital
- Know major theories of the choice between savings and consumption and investment
- Enhance their results from the previous section by adding into analysis real exchange rate and international capital movements
- Acquaintance with balance of payments data and datasources
- Acquaintance with trends of economic growth and its impact on structure of economics and welfare
- Know major factors of economic growth and models of economic growth
- Able to analyse policy and structural factors impact on economic growth using models of economic growth
- Acquaintance with monetary statistics and datasources
- Acquaintance with monetary system, process of money creation, role of the central bank
- Understanding nature and consequences of high inflations
- Acquaintance with business cycle stylised facts
- Know major explanations of business fluctuations
- Able to use models to predict consequences of shocks and macroeconomic policy on economic activity and prices
- Acquaintance with instruments of monetary and fiscal policy, sources of information on monetary and fiscal policy
- Understand scope of macroeconomic policies and their potential impact on macroeconomic equilibrium in the short and long run
Course Contents
- Introduction
- Macroeconomic data
- Determinants of potential output
- Consumption, Saving, and Investment
- Saving and Investment in the open economy. Real exchange rates
- Economic growth
- Money
- Business cycles
- Macroeconomic policy
Assessment Elements
- Pre-homeworkSmall home works both pre- and post-class
- QuizQuizzes in class
- Homework
- Midterm
- Final Exam
Interim Assessment
- 2022/2023 4th modulePrimary grade: G0=0.25Class+0.25Midterm+0.5Final Cut-off: G*=2.5. Final grade: (1, G0 < G* G={ max(7+1.2N^(-1) (r/(n+1)); G0 ), G0 ≥ G*' ), where N^(-1) is the inverse cumulative normal distribution function, r is the rank of the student among students that meet the criterion G0 ≥ G*, n is the number of students that meet criterion G0 ≥ G*. Rank of a student with the lowest primary grade that meets the criterion G0 ≥ G* is r=1, while the rank of a student with the highest primary grade is r=n. Rounding of G is to the closest integer number. Intermediate grades are not subject to rounding. The formula 7+kN^(-1) (r/(n+1)) allows the following distribution of grades among those who satisfied the criterion G0 ≥ G*: Grade Share 4 1,9% 5 8,7% 6 23,2% 7 32,4% 8 23,2% 9 8,7% 10 1,9%
