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Regular version of the site
Bachelor 2022/2023

Introduction to Macroeconomics

Language: English
ECTS credits: 6
Contact hours: 92

Course Syllabus

Abstract

a. Pre-requisites Since the course of Introductory Macroeconomics is taught in English, students need to have the fluent knowledge of this language. Besides, students should possess basic mathematics and graphing skills. b. Abstract The course gives the introduction to the macroeconomic fundamentals and to the main concepts and principles of macroeconomic theory and policy. The course deals with the analysis of aggregate product and national income as well as price level determination; measurement and problems of unemployment and inflation and their trade-off; money and banking; commodity market, financial market, loanable funds market and labour market equilibrium; economic growth and economic fluctuations, primarily in order to understand the key instruments, mechanisms and consequences of the stabilization – fiscal and monetary – policies in the short and in the long run and different theories regarding these policies. A special part of the course is devoted to the issues of the international economics such as the international trade and finance, the balance of payments structure, exchange rates and the determinants of their changes, ends of the stabilization policies in the open economy.