Number of credits allocated: 6 ECTS Credits
Objective of the course (expected learning outcomes and competences to be acquired): Analysis of main economic issues; solving problems of growth, consumption and investment; using data bases for international economies.
PREREQUISITES: Macroeconomics I
In the course we examine macroeconomic data and study models designed to help us understand those data. We focus on the role of policymakers in shaping macroeconomic outcomes, and also take a close look at the recent financial crisis and ensuing recession. A detailed description of topics is given below:
- Introduction and Measurement Issues.
- Economic Growth
(The basic Solow Economic Growth Model-The Augmented Solow Model-Endogenous Economic Growth)
- Basic Macroeconomic Models
(A closed economy one period model-A two period consumption –saving model)
- The new Keynesian demand Side (IS-LM-AD)
- The new Keynesian Supply Side
- Stephen D. Williamson, Macroeconomics.
- Manfred Gartner, Macroeconomics.
TEACHING METHODS: Lectures, problem –solving courses.
ASSESSMENT METHODS: Written exams, classroom tests.