Infopaket

Economic Policy and Its Institutions

ОК22

Обов’язкова дисципліна для ОП

First

2021/2022

5 Semester

5

PLO 09. To realize the main features of the modern world and national economy, the institutional structure, directions of social, economic and foreign economic policy of the state PLO 11. To be able to analyze the processes of government authorities and market regulation of socio-economic and labor relations PLO 15. To demonstrate the basic skills of creative and critical thinking in research and professional communication

Full-time form

Successful mastering of courses «Economics», «History of Economic Thought» and «Macroeconomics». Knowledge of theoretical basis of the course «International Economics»

Course «Economic Policy and Its Institutions» is devoted to research of foundations of economic policy and main aspects of functioning of its institutions. Course consists of two content modules: Content module 1. «Theoretical background of Economic Policy» is dedicated to the study of market failures, evolution of economic thought towards government intervention in the economy, classical and new theories of economic policy, its objectives and tools, stages of design and implementation, and role of macroeconomic planning and forecasting in economic policy design. Content module 2. «Economic Policy at Micro-, Meso- and Macrolevel», which covers instruments of different types of economic policy (fiscal, monetary, investment, innovation, social, competition policies, etc.) and role of government and international institutions in their implementation.

1. Acocella N. Economic Policy in the Age of Globalization, 2005. 540 p. 2. Acocella N., Bartolomeo G., Hallet A.H. Macroeconomic Paradigms and Economic Policy, 2016. 380 p. 3. Acocella N., Bartolomeo G., Hallet A.H. The Theory of Economic Policy in a Strategic Context, 2018. 363 p. 4. Benassy-Quere A., Coeure B., Jacquet P., Pisani-Ferry J. Economic Policy: Theory and Practice, 2018. 712 p. 5. Perry G. E., Serven L., Suescun R. Fiscal Policy, Stabilization and Growth, 2008. 354 p. 6. Stiglitz J.E. Reconstructing Macroeconomic Theory to Manage Economic Policy, 2014. URL: https://www.nber.org/system/files/working_papers/w20517/w20517.pdf

Lectures, seminars, self-studying

1. Discussions, oral tests – 10 points / 6 points. 2. Tests – 10 points / 6 points. 3. Creative tasks – 5 points / 3 points. 4. Presentations – 10 points / 6 points. 5. Midterm test (2 writing works, each for 10 points) – 20 points / 12 points. 6. Individual work (working paper) – 25 points / 15 points. 7. Final test – 20 points / 12 points.

English