Master
2025/2026
Macroeconomics (Advanced Level)
Type:
Compulsory course (Financial Strategies and Analytics)
Delivered by:
School of Economics and Finance
Where:
Faculty of Computer Science, Economics, and Social Sciences
When:
1 year, 1, 2 module
Open to:
students of all HSE University campuses
Instructors:
Svetlana V. Suslova
Language:
English
ECTS credits:
6
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. 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 what factors influence changes in the exchange rate.
Interim Assessment
- 2025/2026 2nd module0.3 * Аудиторная работа + 0.4 * Контрольная работа + 0.3 * Экзамен
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
- Macroeconomics: textbook : учебное пособие / A. Ildar, I. Oksana, M. Askar, G. Jaroslav. — Казань : КФУ, 2022. — 132 с. — ISBN 978-5-00130-615-3. — Текст : электронный // Лань : электронно-библиотечная система. — URL: https://e.lanbook.com/book/332387 (дата обращения: 00.00.0000). — Режим доступа: для авториз. пользователей.
- N. Gregory Mankiw. (2020). PDF Macroeconomics 10th Edition by N. Gregory Mankiw Download. https://doi.org/10.5281/zenodo.3752461
- 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