Master
2021/2022
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
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 one campus
Instructors:
Козоногова Елена Викторовна,
Дубровская Юлия Владимировна,
Козоногова Елена Викторовна,
Svetlana V. Suslova,
Dmitrii Vyacheslavovich Timofeev
Master’s programme:
Financial Strategies and Analitics
Language:
English
ECTS credits:
6
Contact hours:
60
Course 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. The course covers a broad range of topics in monetary and fiscal policy. Lectures and seminars are delivered via Zoom. Controls and exam are held via LMS.
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
- 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.
Interim Assessment
- 2021/2022 2nd module0.15 * Self-study + 0.4 * Exam + 0.15 * Control 1 + 0.15 * Control 2 + 0.15 * Classroom activities
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