Bachelor
2022/2023![Learning Objectives](/f/src/global/i/edu/objectives.svg)
![Expected Learning Outcomes](/f/src/global/i/edu/results.svg)
![Course Contents](/f/src/global/i/edu/sections.svg)
![Bibliography](/f/src/global/i/edu/library.svg)
Macroeconomics (Economic Theory)
Type:
Elective course (Asian and African Studies)
Area of studies:
Asian and African Studies
Delivered by:
Department of Economics
When:
3 year, 1 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Ivan V. Rozmainsky
Language:
English
ECTS credits:
3
Contact hours:
32
Course Syllabus
Abstract
Macroeconomics as the part of economics is the study of human choice in the conditions of the deep interdependency of people; and the most part of economics is about interactions of people under the regime of market capitalism. In the beginning of the course we will discuss money, banking and monetary policy. We will talk about the nature of contemporary money; we will analyze how commercial banks create money, and how the central bank can make regulations.
Learning Objectives
- study of human choice in the conditions of the deep interdependency of people; and the most part of economics is about interactions of people under the regime of market capitalism.
Expected Learning Outcomes
- Know main forms of stabilization policies (fiscal and monetary), and be able to describe their effects graphically
- Know main properties of the labor market functioning and causes of unemployment.
- Understand building blocks of the demand and supply model
- Understand causes of inflation and effects of anti-inflationary policy
- Understand the main driving forces of the economy in the long run: Factor accumulation and technical progress
- Understand the reason for short-run stabilization policy being welfare-improving
- Understand building blocks of the model of goods market/money market equilibrium
Course Contents
- Money, Banking and Monetary Policy
- IS-LM model and Determination of GDP with Fixed Price Level
- Capitalism, Money, Banking and Monetary Policy
- IS-LM Model and Determination of GDP with Fixed Price Level
- AD-AS Model and Determination of GDP with Flexible Price Level
- Short-Run Macro Dynamics: Business Cycles
- Short-Run Macro Dynamics: Unemployment
- Long-Run Macro Dynamics: Solow Model and Endogenous Growth Theory
Bibliography
Recommended Core Bibliography
- Jones, P. M., & Enders, W. (2016). The Asymmetric Effects Of Uncertainty On Macroeconomic Activity. Macroeconomic Dynamics, (05), 1219. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.cup.macdyn.v20y2016i05p1219.1246.00
Recommended Additional Bibliography
- Julio Davila, Julio Dávila, & Core Uclouvain. (2009). Issn: 1955-611Xthe Taxation of Savings in Overlapping Generations Economies with Unbacked Risky Assets. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.7C110562