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Course Syllabus

Master 2021/2022

Macroeconomics (Advanced Level)

Type: Compulsory course (Financial Analyst)
Area of studies: Finance and Credit
Delivered by: HSE Banking Institute
Where: HSE Banking Institute
When: 1 year, 1, 2 module
Mode of studies: offline
Open to: students of one campus
Instructors: Dmitry A. Veselov
Master’s programme: Financial Analyst
Language: English
ECTS credits: 5
Contact hours: 52

Course Syllabus

Full Syllabus

Abstract

The course focuses on selected topics, which are central to modern macroeconomics, like the short-run economic fluctuations, fiscal and monetary policies, macroeconomics of financial markets, open macroeconomics and long-run economic growth
Learning Objectives

Learning Objectives

  • The objectives of the course are: • to provide students with the knowledge of core concepts and models of economics, • to develop students' ability to apply economic models to the analysis of specific economic cases • to provide students with the knowledge of methodological tools and their applications to the analysis of general problems in economics and social sciences.
Expected Learning Outcomes

Expected Learning Outcomes

  • Course gives opportunities to students to apply macroeconomic analysis using both graphical and algebraic techniques to the study of contemporary and historical economic cases, to put their research and professional interests into a broader political and macroeconomic context, to communicate their ideas using modern internationally recognized professional language of economists.
Course Contents

Course Contents

  • Basic macroeconomic problems and concepts. Macroeconomic variables
  • Goods market equilibrium. The role of the government in regulating business cycles.
  • Introduction to macroeconomics of financial markets
  • Fiscal and monetary policies in the IS-LM model
  • Labour market, wage and price determination. Unemployment
  • AD – AS model. Inflation, expectations and Phillipse curve
  • Open economy macroeconomics: BOP, CIP, UIP, LOOP. IS-LM-BP model
Assessment Elements

Assessment Elements

  • non-blocking Current participation and activity
    Quizzes: contain short questions about current materials provided within contact hours
  • non-blocking Mid-term exam
    Mid-term exam: include four forms of assessments such as short problems, yes-no questions (with explanations), case studies for analysis of critical thinking.
  • non-blocking final exam
    Final exam: include four forms of assessments such as short problems, yes-no questions (with explanations), case studies for analysis of critical thinking.
Interim Assessment

Interim Assessment

  • 2021/2022 2nd module
    0.25 * Mid-term exam + 0.15 * Current participation and activity + 0.6 * final exam
Bibliography

Bibliography

Recommended Core Bibliography

  • Blanchard, O. (2017). Macroeconomics, Global Edition (Vol. Seventh edition). Harlow, UK: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1426555

Recommended Additional Bibliography

  • Gregory Mankiw, Mark P Taylor, Celeste Campher, & Ronney Ncwadi. (2018). Macroeconomics: Vol. 2nd edition. Cengage Learning.
  • Volker Böhm. (2017). Macroeconomic Theory (Vol. 1st ed. 2017). Springer.

Authors

  • VESELOV DMITRIY ALEKSANDROVICH