Infopaket

Principles of macroeconomics

ОК 03

Обов’язкова дисципліна для ОП

First

2021/2022

1 Semester

4

Knowledge of macroeconomics nature, its place in economic science; basic models of macroeconomic equilibrium, particularly AS – AD and Keynesian models, main conditions and preconditions of its establishment, breakdown and renewal; basic causes of unemployment and inflation, business cycles origin and development, their nature and consequences for an economy; the role and functions of government in an economy, types, and goals of monetary policy. Skills of calculating, interpreting, and analyzing basic macroeconomic ratios; developing and introducing main elements of macroeconomic policy; solving typical macroeconomic problems that simulate solving of the most widely spread practical tasks, processes, and phenomena in the economic system of a country.

Full-time form

1) Knowledge of general material implied by secondary education level programs, including those necessary for entering high school. 2) Awareness of basic notions and concerns in economic and business activity, commercial operations. 3) Skills of working with the Internet, information, and data search. 4) Proficiency in the English language.

Part І. Introduction to macroeconomics. Basic models and main theories 1. Macroeconomics as a Science. Its Place Among Social and Economic Sciences 2. Model of Circular Flows of Products, Resources, and Incomes 3. National Accounts and Main Macroeconomic Ratios 4. General Macroeconomic Equilibrium between Aggregate Demand and Aggregate Supply 5. Keynesian Model of Macroeconomic Equilibrium 6. Macroeconomic Instability: Business Cycles, Unemployment, and Inflation 7. Domestic Markets of Products, Money, and Labor 8. Economic Growth Part ІІ. Government economic policy and the open economy 9. State as a Macroeconomic Regulator 10. Monetary Policy 11. Government Fiscal Policy 12. Open Economy and Foreign Economic

1. McConnel, C. R., Brue, S. L., Flynn, S. M. (2018) Macroeconomics: Principles, Problems, and Policies (21st ed.). New York: McGraw-Hill Education. 545 p. 2. Blanchard, O. (2017) Macroeconomics (7th ed.). Boston: Pearson Education Inc. 572 p. 3. Heijdra, B. J. (2017) Foundations of Modern Macroeconomics (3rd ed.). Oxford: Oxford University Press. 908 p. 4. Arnold, R. A. (2019) Macroeconomics (13th ed.). Boston: Cengage Learning, Inc. 759 p. 5. Blanchard, O., Amighini, A., Giavazzi, F. (2017) Macroeconomics: A European Perspective (3rd ed.). Harlow: Pearson Education Limited. 563 p. 6. Blaug, M. (1985) Economic Theory in Retrospect (4th ed.). Cambridge: Cambridge University Press. 737 p.

Lecture (powerpoint presentation), seminar, self-study

1. Working at seminars – speeches, additional remarks, debates, discussions, brief tests, typical problems solving – up to 28 points. 2. Case study report – up to 17 points. 3. Review paper (complex test) – up to 15 points. 4. Final evaluation – up to 40 points.

English