Macroeconomics
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Course informations
| Study program level |
Undergraduate |
| Study program |
Entrepreneurship |
| Study program direction |
Entrepreneurship |
| Course year |
2. |
| Course semester |
III |
| Course status |
Core |
| ECTS |
6 |
| Lectures (h) |
45 |
| Excercises (h) |
- |
| Seminars (h) |
15 |
Course objectives
- Acquisition of knowledge on basic concepts of macroeconomics and macroeconomic aggregates,
- Introduction to key knowledge of economic science and methodology of macroeconomic analysis,
- Understanding the macroeconomic performance of the national economy and the main macroeconomic indicators,
- Recognizing the main holders of economic activities in the national economy.
Course outcomes
The name of the learning outcomes set: Macroeconomic concepts, indicators and macroeconomic problems
Level: 5
- Distinguish basic macroeconomic concepts
- Analyze macroeconomic indicators
- Identify macroeconomic problems
The name of the learning outcomes set: Macroeconomic models
Level: 6
- Apply the IS-LM model in the analysis of economic movements in the short term
- Apply the AS-AD model in the analysis of economic trends in the medium term
- Apply the model of economic growth in long-term economic analysis.
The name of the learning outcomes set: Macroeconomic policy
Level: 6
- Critically evaluate the impact of tools and measures of fiscal and monetary policy on aggregate demand and supply and the state of the economy of a country
The name of the learning outcomes set: Macroeconomics of Open Economy
Level: 6
- Analyze the foreign exchange policy tools, i.e. the formation of foreign exchange rates
- Critically evaluate the effects of foreign currency exchange rate changes on foreign trade and other segments of a national economy of a country
Course content
Introduction to Macroeconomics. Basic macroeconomic concepts. Measurement of economic activities. Macroeconomic problems. Aggregate supply model and aggregate demand. Macroeconomic scientific thinking. Aggregate demand and aggregate expenditure. Macroeconomic policy. Fiscal policy. Money, financial sector and money market. Macroeconomic policy. Monetary policy. Market and foreign exchange rates. Balance of payments. Economic growth: fundamental determinations.
