Macroeconomics

2021/2022

Academic Year

ENG

Instruction in English

4

ECTS credits

Delivered at:

Bachelor's Programme in Digital Product Management

Course type:

Compulsory course

When:

1 year, 3, 4 module

Instructor

Fedorovykh, Danil

Course Syllabus

Abstract

Economics is a science of making decisions under resource constraints. In this introductory course, students learn how the economy as a whole operates. This course doesn't focus on complicated mathematical models, rather, students are supposed to develop an understanding of the subject from a general standpoint, see the big picture. The course aims to introduce the central concepts from various topics, including analyzing macroeconomic data, development economics, economic cycle and crisis, the problem of inequality.

Learning Objectives

• Introduce the central concepts from various topics, including analyzing macroeconomic data, development economics, economic cycle and crisis, the problem of inequality.

Expected Learning Outcomes

• Growth and the role of technology. Description of the Solow model. Growth in different countries. The role of institutions.
• Students know and understand the basic macroeconomic indicators.
• Understanding economic fluctuations, economic and financial crises
• Understanding main concepts about financial markets and instruments. Efficient market hypothesis. Bubbles
• Understanding the main indicators of inequality, its types, and methods to deal with it

Course Contents

• Macroeconomic Data
• Development
• Cycle
• Finance and Money Market
• Inequality

Assessment Elements

• Essay 1
• Essay 2
• In-class quizzes
• Project 1
• Project 2
• Final Exam

Interim Assessment

• 2021/2022 4th module
  0.125 * Project 1 + 0.125 * Essay 2 + 0.25 * Final Exam + 0.25 * In-class quizzes + 0.125 * Essay 1 + 0.125 * Project 2

Bibliography

Recommended Core Bibliography

• Economics, Mankiw, N. G., 2017

Recommended Additional Bibliography

• Macroeconomics, Mankiw, N. G., 2013