Macroeconomics III

2026/2027

Учебный год

ENG

Обучение ведется на английском языке

3

Кредиты

Кто читает:

Департамент экономики

Статус:

Курс обязательный

Когда читается:

3-й курс, 3 модуль

Преподаватель

Рубин Александр Юрьевич

Course Syllabus

Abstract

Macroeconomics III is an advanced course that builds upon intermediate macroeconomic theory and provides a rigorous, model‑based framework for understanding aggregate economic phenomena. The course is designed for students who already possess a solid foundation in microeconomics, mathematics and basic econometrics.

Learning Objectives

• Students will be exposed to both analytical derivations and numerical solution methods. The course bridges theory with empirical evidence, drawing on recent research papers and real‑world policy debates. By the end of the course, participants will be able to critically evaluate macroeconomic policy choices, interpret current economic conditions through the lens of formal models, and conduct their own small‑scale quantitative macroeconomic analysis.

Expected Learning Outcomes

• Know main forms of stabilization policies (fiscal and monetary), and be able to describe their effects graphically
• Know main properties of the labor market functioning and causes of unemployment.
• Understand building blocks of the demand and supply model
• Understand causes of exchange rate fluctuations
• Understand causes of inflation and effects of anti-inflationary policy
• Understand building blocks of the model of goods market/money market equilibrium

Course Contents

• Money, Banking and Monetary Policy
• Short run model of the economy: building blocks.
• Short run model of the economy and policy: closed economy.
• Short run model of the economy and policy: open economy.
• IS-LM model and Determination of GDP with Fixed Price Level
• AD-AS Model and Determination of GDP with Flexible Price Level
• Short-Run Macro Dynamics: Business Cycles
• Short-Run Macro Dynamics: Unemployment
• Long-Run Macro Dynamics: Solow Model and Endogenous Growth Theory
• Capitalism, Money, Banking and Monetary Policy

Assessment Elements

• Test
• Exam
• Quizz

Interim Assessment

• 2026/2027 3rd module
  0.15 * Quizz + 0.35 * Test + 0.5 * Exam

Bibliography

Recommended Core Bibliography

• Jones, P. M., & Enders, W. (2016). The Asymmetric Effects Of Uncertainty On Macroeconomic Activity. Macroeconomic Dynamics, (05), 1219. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.cup.macdyn.v20y2016i05p1219.1246.00

Authors

• Brodskaia Natalia Nikolaevna
• Butukhanov Aleksandr Vladimirovich