Bachelor
2023/2024
Economic Theory
Type:
Elective course (Sociology and Social Informatics)
Area of studies:
Sociology
Delivered by:
Department of Economics
When:
1 year, 3 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Ivan V. Rozmainsky
Language:
English
ECTS credits:
4
Contact hours:
32
Course Syllabus
Abstract
The purpose of the Economic Theory course is to acquaintance students majoring Sociology with practice of economic modelling and applications of the macroeconomic models at the intermediate level.
As the course is very short and has Introductory Economics as the prerequisite, it does pretend to provide a systematic overview of the most core topics of contemporary macroeconomics; it can be relevant for student majoring Sociology.
Learning Objectives
- 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. The course includes topics of GDP measurement and macroeconomic equilibrium, economic growth and business cycles, unemployment and inflation, monetary and fiscal policies, exchange rates and international trade.
Expected Learning Outcomes
- Students are able to understand building blocks of the aggregate demand and aggregate supply model
- Students are able to know building blocks of the model of goods market/money market equilibrium
- Students are able to understand causes of inflation and effects of anti-inflationary policy
- Students are able to understand the reason for short-run stabilization policy being welfare-improving
- Students are able to know main forms of stabilization policies (fiscal and monetary), and be able to describe their effects graphically
- Students are able to understand the main driving forces of the economy in the long run: Factor accumulation and technical progress
- Students are able to know main properties of the labor market functioning and causes of unemployment.
Course Contents
- 1. GDP and macroeconomic equilibrium
- 2. Essential macroeconomic problems: business cycles, unemployment and inflation
- 3. Money, banking, monetary policy and exchange rate
- 4. Economic growth
Bibliography
Recommended Core Bibliography
- International economics : theory and policy, Krugman, P. R., 2015
- 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
- Гребенников, П. И. Макроэкономика в 2 т. Том 1 : учебник и практикум для академического бакалавриата / П. И. Гребенников, Л. С. Тарасевич, А. И. Леусский. — 11-е изд., перераб. и доп. — Москва : Издательство Юрайт, 2019. — 300 с. — (Бакалавр. Академический курс). — ISBN 978-5-534-02562-0. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/437227 (дата обращения: 28.08.2023).
Recommended Additional Bibliography
- Розанова, Н. М. Микроэкономика. Руководство для будущих профессионалов в 2 т. Том 1 : учебник для вузов / Н. М. Розанова. — 3-е изд., перераб. и доп. — Москва : Издательство Юрайт, 2020. — 386 с. — (Высшее образование). — ISBN 978-5-534-03390-8. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/451838 (дата обращения: 28.08.2023).