Course purpose

• The purpose of the course is to acquaint students with the content of macroeconomic theory and to train them to understand and independently conduct basic macroeconomic analyses.

Content (Syllabus outline):

• Definition of macroeconomics, problems, goals, basic macroeconomics aggregates.
• Aggregate supply and aggregate demand.
• Consumption, saving, investments, government consumption, net exports.
• Analysis of relationships between basic macroeconomic aggregates (multiplier model, inflation, Phillips curve, etc.).
• Labour market and theory of unemployment.
• Money (monetary policy), money function, quantity and velocity of money, demand and supply of money, banking system and money creation, money market.
• Public finances and fiscal policy.