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Regular version of the site
Master 2022/2023

Macroeconomics (Advanced Level)

Type: Compulsory course (Financial Analyst)
Area of studies: Finance and Credit
Delivered by: HSE Banking Institute
When: 1 year, 1, 2 module
Mode of studies: offline
Open to: students of one campus
Instructors: Dmitry A. Veselov
Master’s programme: Financial Analyst
Language: English
ECTS credits: 6
Contact hours: 52

Course Syllabus

Abstract

The course focuses on selected topics, which are central to modern macroeconomics, like the short-run economic fluctuations, fiscal and monetary policies, macroeconomics of financial markets, and open macroeconomics.
Learning Objectives

Learning Objectives

  • The objectives of the course are:  to provide students with the knowledge of core concepts and models of economics,  to develop students' ability to apply economic models to the analysis of specific economic cases  to provide students with the knowledge of methodological tools and their applications to the analysis of general problems in economics and social sciences.
Expected Learning Outcomes

Expected Learning Outcomes

  • Course gives opportunities to students to apply macroeconomic analysis using both graphical and algebraic techniques to the study of contemporary and historical economic cases
  • to put their research and professional interests into a broader political and macroeconomic context
  • to communicate their ideas using modern internationally recognized professional language of economists
Course Contents

Course Contents

  • Basic macroeconomic problems and concepts. Macroeconomic variables. Properties of business cycles
  • Introduction to modern economic growth.
  • Saving, investments and fiscal policy
  • Introduction to macroeconomics of financial markets. Money, banking and monetary policy
  • Macroeconomic models of business cycles with flexible and sticky prices
  • Inflation, expectations and Phillipse curve
  • Open economy macroeconomics: BOP, CIP, UIP, LOOP. IS-LM-BP model
Assessment Elements

Assessment Elements

  • non-blocking Current quizzes, homeworks
    Quizzes contains short questions about current materials provided on lectures
  • non-blocking Mid-term exam
    Mid-term exam includes quizzes, numerical problems, case studies on the main topics of the course.
  • non-blocking Final exam
    final exam includes quizzes, numerical problems, case studies on the main topics of the course.
Interim Assessment

Interim Assessment

  • 2022/2023 2nd module
    0.3 * Mid-term exam + 0.4 * Final exam + 0.3 * Current quizzes, homeworks
Bibliography

Bibliography

Recommended Core Bibliography

  • Blanchard, O. (2017). Macroeconomics, Global Edition (Vol. Seventh edition). Harlow, UK: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1426555

Recommended Additional Bibliography

  • Blanchard, O., Amighini, A., & Giavazzi, F. (2017). Macroeconomics (Vol. Third edition). New York: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1535899
  • Carlin, W., & Soskice, D. (2014). Macroeconomics: Institutions, Instability, and the Financial System. Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.oxp.obooks.9780199655793