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Course Syllabus

Master 2023/2024

Macroeconomics (advanced level) (offered in English)

Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'
Category 'Best Course for New Knowledge and Skills'
Type: Compulsory course (Financial Strategies and Analytics)
Area of studies: Finance and Credit
Delivered by: School of Economics and Finance
Where: Faculty of Economics
When: 1 year, 1, 2 module
Mode of studies: offline
Open to: students of all HSE University campuses
Instructors: Дубровская Юлия Владимировна, Svetlana V. Suslova
Master’s programme: Financial Strategies and Analitics
Language: English
ECTS credits: 6
Contact hours: 60

Course Syllabus

Full Syllabus

Abstract

This course will explain students the essential concepts of open macroeconomics, economic growth, consumption, and investments. The goals of the course are for students to know what factors influence the dynamics of the relationship between the national economy and the rest of the world, and to know the mechanisms of economic growth. Controls and exam are held via LMS.
Learning Objectives

Learning Objectives

  • Upon successful completion of the course, the student should be able to demonstrate understanding the determinants of the exchange rate and interest rates, and factors of the economic growth.
  • Students will obtain better understanding regarding relationship between the dynamics of macroeconomic indicator and the dynamics of financial markets, effects of economic policy on financial markets sustainability, and changing in asset prices.
Expected Learning Outcomes

Expected Learning Outcomes

  • Knowledge of such characteristics of an open economy as the balance of payments principles and determinants of the exchange rate.
  • Knowledge of the determinants and dynamics of economic growth.
  • Knowledge of what factors influence changes in the exchange rate.
Course Contents

Course Contents

  • Economic growth
Assessment Elements

Assessment Elements

  • non-blocking Аудиторная работа
  • non-blocking Контрольная работа 1
  • non-blocking Контрольная работа 2
  • non-blocking Самостоятельная работа
  • non-blocking Экзамен
Interim Assessment

Interim Assessment

  • 2023/2024 2nd module
    0.15 * Аудиторная работа + 0.15 * Контрольная работа 1 + 0.15 * Контрольная работа 2 + 0.15 * Самостоятельная работа + 0.4 * Экзамен
Bibliography

Bibliography

Recommended Core Bibliography

  • Alfonso Novales, Esther Fernández, & Jesús Ruiz. (2014). Economic Growth. Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.spr.sptbec.978.3.642.54950.2
  • Terra, C. (2015). Principles of International Finance and Open Economy Macroeconomics. Elsevier. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.eee.monogr.9780128022979

Recommended Additional Bibliography

  • Dornbusch, R. (1976). Expectations and Exchange Rate Dynamics. Journal of Political Economy, 84(6), 1161–1176. https://doi.org/10.1086/260506
  • Elhorst, J. P. (DE-588)171025091, (DE-576)131852809. (2014). Spatial econometrics : from cross-sectional data to spatial panels / J. Paul Elhorst. Heidelberg [u.a.]: Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.396630170
  • Mankiw, N. G., Romer, D., & Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.5A71ECD9

Authors

  • SUSLOVA SVETLANA VIKTOROVNA