65-002 Macroeconomics 3
second cycle Master degree study programme Economics and Finance
Course Supervisor: Prof. Matjaž Novak, Assoc. Prof. Arjana Brezigar Masten
Content
- Macroeconomic theory (concepts of macroeconomic analysis, aggregate demand, aggregate supply, AD-AS and IS – LM model, multiplier model, business cycles).
- The main macroeconomic schools (Classical school, Keynes, Neoclassical synthesis, Monetarism, New classical school, New Keynesian school).
- Models of macroeconomic stabilization – case of the closed and the open economy. Use of fiscal policy (fiscal policy and public debt, debt financing of public deficit, Barro-Ricardo model, models of debt crises, relationship between fiscal and monetary policy, ) and monetary policy (problem of inflation, Kidland-Prescot model, Cagan model, monetary policy strategy, monetary policy in case of open economy, exchange rates regimes, Dornbusch model).
- Theory and analysis of economic growth