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Regular version of the site
Bachelor 2020/2021

Macroeconomics

Area of studies: Business Informatics
When: 1 year, 3, 4 module
Mode of studies: offline
Open to: students of one campus
Instructors: Danil Fedorovykh
Language: English
ECTS credits: 4

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

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

Expected Learning Outcomes

  • Students know and understand the basic macroeconomic indicators.
  • Growth and the role of technology. Description of the Solow model. Growth in different countries. The role of institutions.
  • 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

Course Contents

  • Macroeconomic Data
    National accounts. Measuring income, inflation and unemployment
  • Development
    Growth and the role of technology. Description of the Solow model. Growth in different countries. Institutions — inclusive and extractive
  • Cycle
    Economic fluctuations. Crises. Keynes, Friedman and the Great Depression
  • Finance and Money Market
    Financial markets and instruments. Efficient market hypothesis. Bubbles. Banking system and market for money
  • Inequality
    Measuring inequality. Types of inequality and resulting incentives. Methods of reducing inequality
Assessment Elements

Assessment Elements

  • non-blocking Essay 1
  • non-blocking Essay 2
  • non-blocking In-class quizzes
  • non-blocking Project 1
  • non-blocking Project 2
  • non-blocking Final Exam
Interim Assessment

Interim Assessment

  • Interim assessment (4 module)
    0.125 * Essay 1 + 0.125 * Essay 2 + 0.25 * Final Exam + 0.25 * In-class quizzes + 0.125 * Project 1 + 0.125 * Project 2
Bibliography

Bibliography

Recommended Core Bibliography

  • Economics, Mankiw, N. G., Taylor, M. P., 2017

Recommended Additional Bibliography

  • Macroeconomics, Mankiw, N. G., 2013