Macroeconomics

This course is intended to both broaden students' knowledge of macroeconomics and to develop their ability to cope with spoken and written macroeconomic texts in English.

This course is intended to both broaden students' knowledge of macroeconomics and to develop their ability to cope with spoken and written macroeconomic texts in English. This aim is met through a choice of presented issues important in contemporary macroeconomics, the form of their presentation which refers to different schools and opinions and a choice of simple, wriiten texts that help students understand the problems discussed.

The list of subjects/lectures and respective literature is as below:

1. Business cycle

https://en.wikipedia.org/wiki/Business_cycle

2. Inflation and unemployment

http://www.economicshelp.org/macroeconomics/inflation/

http://www.economicshelp.org/macroeconomics/unemployment/ (definitions, causes, costs)

http://www.economicshelp.org/blog/3881/economics/policies-for-reducing-unemployment/

3. Fiscal Policy

http://www.economicshelp.org/macroeconomics/fiscal-policy/fiscal_policy/

http://www.economicshelp.org/blog/5922/economics/uk-budget-deficit-2/

4. Monetary Policy and financial instability

http://www.nbp.pl/homen.aspx?f=/en/onbp/informacje/polityka_pieniezna.html

http://www.economicshelp.org/macroeconomics/monetary-policy/

5. Stabilization policy dilemmas and supply side policies

http://www.investopedia.com/articles/economics/12/fiscal-or-monetary-policy.asp

http://www.economicshelp.org/blog/1850/economics/difference-between-monetary-and-fiscal-policy/

http://www.economicshelp.org/blog/31/supply-side/supply-side-policies/

6. Economic inequality and underconsumption

https://en.wikipedia.org/wiki/Income_inequality_in_the_United_States

as above and

Japan’s economic troubles offer a glimpse of a sobering future, The Economist, 5th Dec.2019, https://www.economist.com/finance-and-economics/2019/12/05/japans-economic-troubles-offer-a-glimpse-of-a-sobering-future?cid1=cust/dailypicks1/n/bl/n/2019125n/owned/n/n/dailypicks1/n/n/e/355369/n

facultatively :

P. Krugman, How Did Economists Get It So Wrong? http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html

Students should acquire new knowledge and understanding of macroeconomic problems (EK1_W01, EK1_W02) and develop ability to listen to and read macroeconomic texts in English (EK_U09).

1 ECTS - participation in lectures

2 ECTS - individual reading and studying

1 ECTS repetition and revise to the final test

A final test (single-choise questions or questions that need a very concise answer). To get a positive score (3) a student needs to collect 50% of the maximum number of points.