Macroeconomics (Advanced Level)

2024/2025

Academic Year

ENG

Instruction in English

6

ECTS credits

Delivered at:

HSE Banking Institute

Course type:

Compulsory course

When:

1 year, 1, 2 module

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, and open macroeconomics.

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. Properties of business cycles
• Saving, investments and fiscal policy
• Introduction to macroeconomics of financial markets. Money, banking and monetary policy
• Macroeconomic models of business cycles with flexible and sticky prices
• Inflation, expectations and Phillipse curve
• Open economy macroeconomics: BOP, CIP, UIP, LOOP. IS-LM-BP model

Assessment Elements

• Current quizzes, homework
  Quizzes contains short questions about current materials provided on lectures.
• Mid-term exam
  Mid-term exam includes quizzes, numerical problems, case studies on the main topics of the course.
• Final Exam
  final exam includes quizzes, numerical problems, case studies on the main topics of the course.

Interim Assessment

• 2024/2025 2nd module
  0.3 * Current quizzes, homework + 0.4 * Final Exam + 0.3 * Mid-term exam

Bibliography

Recommended Core Bibliography

• 9781292160566 - Blanchard, Olivier - Macroeconomics, Global Edition - 2017 - Pearson - https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=1426555 - nlebk - 1426555

Recommended Additional Bibliography

• Blanchard, O., Amighini, A., & Giavazzi, F. (2017). Macroeconomics (Vol. Third edition). New York: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1535899
• Carlin, W., & Soskice, D. (2014). Macroeconomics: Institutions, Instability, and the Financial System. Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.oxp.obooks.9780199655793

Authors

• VESELOV DMITRIY ALEKSANDROVICH
• ODINTSOVA ULYANA ALEKSANDROVNA
• ELIZAROVA IRINA NIKOLAEVNA