Macroeconomics

The course aims to provide students with a general knowledge of macroeconomics and to expand their understanding of the notions needed to analyse the economic phenomena related to national policy and interventions in the markets, also in regard to the international dynamics and with a focus on economic aggregates.
The course is based on previously acquired knowledge and intends to introduce students to the method of aggregation in economic analysis with regard to big macroeconomic aggregates, e.g. gross domestic products, employment and unemployment, price indexes.
The main tools of fiscal policy and monetary policy will be analysed in depth, and well as the interaction between these tools both in closed and open economies.
Lectures are complemented by exercises so that students become familiar with the basic technical aspects of macroeconomic analysis.
Students who wish to improve their skills may subsequently attend the course "International and Development Economics".

By the end of the course, students are expected to have acquired an overview of the functioning of macroeconomic aggregates and of the tools of political economics. They should also know how fiscal policy and monetary policy have an impact on economic growth and cost containment mechanisms.
The focus is on the effect that these policies have on open economies, considering exchange rates dynamics and balance of payments stability. Students should also be able to deal with economic models on the impact of fiscal policy and monetary policy both in open and closed economies.
Through their active participation in lectures and exercises, students will develop the ability to use bibliographic and statistical resources to carry out research on various economic and social aspects related to the functioning of markets.