Macroeconomics (Economic Theory)
- study of human choice in the conditions of the deep interdependency of people; and the most part of economics is about interactions of people under the regime of market capitalism.
- Understand main features of the capitalism and other economic systems
- Understand building blocks of the demand and supply model
- Know the main forms of market failures and government failures
- Understand the building blocks of the aggregate demand and aggregate supply model
- Understand causes of inflation and effects of anti-inflationary policy
- Understand the reason for short-run stabilization policy being welfare-improving
- Know main forms of stabilization policies (fiscal and monetary), and be able to describe their effects graphically
- Understand the main driving forces of the economy in the long run: Factor accumulation and technical progress
- Know main properties of the labor market functioning and causes of unemployment.
- Understand causes of exchange rate fluctuations
- Economic Systems: Markets, Directives, etc.
- The Fundamentals of Demand and Supply Analysis
- Market Failures and Government Failures
- The Foundations of Macro Analysis: Determination of GDP
- Short-Run Macro Dynamics: Business Cycles, Unemployment and Inflation
- Long-Run Macro Dynamics: Economic Growth and Technical Progress
- Introduction to International Macroeconomics
- Interim assessment (1 module)0.6 * final exam + 0.2 * in-class test + 0.2 * activity in class
- 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
- Julio Davila, Julio Dávila, & Core Uclouvain. (2009). Issn: 1955-611Xthe Taxation of Savings in Overlapping Generations Economies with Unbacked Risky Assets. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.7C110562