Syllabus
(1) What is macroeconomics. Economic theories and models. Methods. Business cycles, price level and natural GDP, long and short time horizont. Stabilization politics. (2) Measurment of economic activity, price changes and unemployment. National income accounts. Flow of funds. I-O analysis. (3) General classical model. (4) Effective demand. Consumption and investment. Income-expenditure model. (5) Liquidity preference theory. IS-LM model. (6) AD-AS model: AD curve. AS curve. (7) General keynesian model. Liquidity and investment trap. (8) Exchange rate and balance of payment. (9) IS-LM-BP model. (10) AD-AS model for open economy. (11) Money supply. Monetary politics.I (12) Money supply. Monetary politics.II (13) Money demand.
Annotation
The course acquaints students with macroeconomic indexes and with national accounts system. Behaviour of the economy especially in short run is explained, stressing the business cycle and concerns to generation, distribution and allocation of national income.
The course also solves problems of small open economy and money market.