Master
2021/2022
Macroeconomics (Advanced Level)
Type:
Compulsory course (Master of Finance)
Area of studies:
Finance and Credit
Delivered by:
HSE Banking Institute
Where:
HSE Banking Institute
When:
1 year, 1 module
Mode of studies:
distance learning
Online hours:
12
Open to:
students of one campus
Instructors:
Dmitry A. Veselov
Master’s programme:
Finance
Language:
English
ECTS credits:
5
Contact hours:
6
Course 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
- 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
- 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
- Basic macroeconomic problems and concepts. Macroeconomic variables
- Business cycles and goods market equilibrium. The role of the government in regulating business cycles.
- Financial markets, money markets and monetary policy
- 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
- Growth and development. Dynamics of firms and industries.
Assessment Elements
- Current participation and activity
- mid-term examAssessment consists of: • Quizzes: contain short questions about current materials provided within contact hours. • Mid-term and Final exams: include four forms of assessments such as short problems, yes-no questions (with explanations), case studies for analysis of critical thinking.
- final examMid-term exam result is the blocking exam (that is blocking element of assessment). In case the grade for the blocking element of assessment is unsatisfactory, the general mid-term grade is to be equal to the blocking element of assessment grade until the moment when student gets the satisfactory grade for the blocking element of assessment. As soon as the student gets the satisfactory grade for the blocking element of assessment (immediately or at the retake), the mid-term grade for the discipline is to be counted based on the received positive grade.
Interim Assessment
- 2021/2022 1st module0.25 * mid-term exam + 0.6 * final exam + 0.15 * Current participation and activity
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.