KIELCE SCHOOL OF ECONOMICS TOURISM
AND SOCIAL SCIENCES
Main course: MACROECONOMICS
Unit: ECONOMIC DEPARTMENT
Faculty: ECONOMICS
Level of education: FIRST LEVEL STUDIES
Profile of education: GENERAL ACADEMIC
Language: ENGLISH
Year of study: II
Coordinator
Leader
Type of course
Prof. Stanisław Bąk
Prof. Stanisław Bąk
basic
Type of classes / Number of hours: N
L
40
Aims:
C
20
S
L
LAB.
Credit Form
ECTS points
exam
6
The transfer of knowledge from the scope of macroeconomic concepts, methods and
theories (models).
Understanding macroeconomic market signals and interpreting economic events and
economic policy from the point of view of economic theories.
Developing the ability to use knowledge about macroeconomic phenomena in the analysis
of economic processes taking place in today's economies.
LEARNING OUTCOMES
No.
Student who has completed the course:
01
has knowledge from the scope of the essence of macroeconomics and mainstreams of macroeconomics
02
has knowledge about the methods of measuring economic growth and development
03
has knowledge of the main causes of the economic cycle
04
has knowledge of assumptions and the essence of functioning economy in a short term and the role of
the state in economy
has knowledge of the objectives and instruments of a fiscal policy
in the scope of KNOWLEDGE:
05
06
has knowledge about the role of the central bank in a market economy and the objectives and
instruments of monetary policy
08
has knowledge about the ways and effects of simultaneous interaction of the state and the central bank
on economy.
has knowledge about the nature, causes and ways of counteracting inflation
09
has knowledge about unemployment and ways of it reduction
10
has knowledge about the role of international trade and the nature and types of exchange rates
07
in the scope of SKILLS:
01
sees, observes and interprets macroeconomic problems
02
uses the basic theoretical knowledge to describe and analyze macroeconomic phenomena
03
has the ability to identify and assess the significance of certain factors in the economic growth
04
can notice and interpret the main macroeconomic problems
05
has theoretical knowledge about counteracting major macroeconomic problems
06
07
is able to analyze and interpret statistical data on macroeconomic phenomena, using, among others:
information technology
has the ability to predict the effects of activities undertaken in the frames of the macroeconomic policy
08
can analyze the causes of economic fluctuations
09
can describe and analyze the current economic situation, using, among others: information technology
10
is able to analyze suggested solutions to specific macroeconomic problems and actively participate in
making decisions in this area
in the scope of SOCIAL COMPETENCES:
01
is prepared to actively participate in groups realising economic aims
02
can look at the economy in a broader perspective e.g. the global economy
03
assesses the situation of the national economy from the point of view of different social groups
04
can take part in finding joint solutions and can predict, in a basic scope, effects of the solution
05
can communicate with the environment and transfer a basic knowledge about the macroeconomic
situation of the economy
06
can complement and improve his gained knowledge and skills
07
is able to take responsibility for the assigned tasks.
Admission
requirements
(knowledge, skills and
competences):
Course content:
Introductory course: learning outcomes set out in the syllabuses of the
microeconomics course for the major Economics.
Tools and objectives of macroeconomics
W1, U1, U2
Main macroeconomic trends. Neoclassical economics. Keynesizm.
Monetaryzm.
Macroeconomic meters. GDP, GNP, national income,
Disposable personal income. The GDP deflator. Disadvantages of
GDP as a measure of economic welfare.
Economic growth and development. Expansive and intensive
economic growth. Positive and negative effects of economic growth
W1, U1, U2
W2, U6, K2
W2, W3, U6,
U9, K2
Factors
of economic growth
Economic cycle. Theories of economic fluctuations - cyclical
reasons. Phases of the economic cycle. The indicators used to predict
economic changes
Technical progress and the pace of economic growth. Static and
dynamic analysis of the economic growth. Types of technical
progress. Economic and non-economic effects of introducing
technical progress
Determinants of formation of the national income. Global demand
and its components. Consumption function.
Keynesian model of the economy functioning - assumptions.
Investment multiplier theory. Conclusions resulting from the
investment multiplier theory. The principle of acceleration.
The role of the state in a market economy. The economic functions of
the state in the economy. Positive and negative effects of state
intervention in the economy.
Fiscal policy - objectives, tools. The state budget. The functions of
the state budget in the economy. The budget deficit and public debt the causes.
The effects of fiscal policy in the economy. Expansive and restrictive
fiscal policy. The effect of crowding out (pushing) as a defect of
fiscal policy.
The role of the central bank in a market economy.
Instruments and types of monetary policy. Expansive and restrictive
monetary policy. Transmission channels of monetary effects to the
economy.
Banking system. Domestic capital, foreign capital. Opportunities and
risks for the economy.
IS-LM model - assumptions. The effectiveness of fiscal and
monetary policy. Extreme cases - the classic case and the liquidity
trap.
The disadvantage of fiscal policy - crowding out effect
Inflation - the essence, causes, measurement, types and methods of
mitigation
Unemployment - the concept, causes, data source, types
Theories of unemployment. The relationship between unemployment
and inflation. Phillips's curve
State policy on the labour market - active and passive. The
effectiveness of active programs.
Open economy macroeconomics. The balance of payments and its
components. Exchange rate systems - solid and liquid. The real
exchange rate and the competitiveness of the economy
W2, W3, K3,
K5, U2, U3,
U6, U10
W3, U2, U6,
U8, U9, K3
W2, U3, U6,
U9, K3
W2, W4, U3,
U8
W1, W 4, U2,
U3
W1, W4, U2,
U3, U8, K6
W4, W5, U2,
U3
W4, W5, K3,
K4, K6, U10
W4, W6, U3,
U9, U10
W6, K3, K4,
U2, U7, U10
W6, K2, U3,
U10
W7, U3, K4
W4, W5, K3,
U3, U8
W8, U2, U4,
U5, U7, U10,
K3, K7
W9, U2, U3,
U4
W8, W9, U7,
K1, K6
W9, K3, U3,
U5, U7, U8,
U10, K6, K7
W10, U9, K2,
K5
Teaching methods:
informative lecture, problem lecture, practical-activating methods
Basic literature
1) Mankiw N. G., Taylor M. P. (2009), Makroekonomia, PWE Warsaw,
2) Milewski R. ed. (2005), Podstawy ekonomii, PWN Warsaw.
3) Begg D., Fischer S., Dornbusch R. (2007), Makroekonomia. PWE Warsaw.
4) Samuelson P. A., Nordhaus W. D. (2004), Ekonomia tom 2. PWN Warszawa.
5) Magazines: Gospodarka Narodowa, Ekonomista, The Economist
1) Burda M., Wyplosz Ch. (2000), Makroekonomia. Podręcznik europejski. PWE
Warsaw.
2) Hall R.E., Taylor J.B. (2007), Makroekonomia, PWN Warsaw.
3) Pająkiewicz J. (Red.) (2001), Makroekonomia. Wybrane zagadnienia teorii wzrostu
i funkcjonowania współczesnych systemów gospodarki rynkowej. Publ. AE Wrocław.
4) Jarmołowicz W. red. (2008) Podstawy makroekonomii, Publ. UE Poznań
Additional
literature:
ECTS CREDIT BALANCE - student workload
Student workload
Category
Full-time
studies
Part-time
studies
Contact time with the teacher (didactical classes
scheduled according to plan of classes)
60
Exam preparation
15
Training preparation
32
Audit work preparation
10
Getting to know the literature on the subject and teaching materials
provided by the teacher
25
Laboratories preparation
Draft preparation
Others (please specify) consultations, participation in the exam /
passing
General:
8
150
The total number of ECTS credits for the course:
6
METHODS OF MEASURING THE EFFECTS OF EDUCATION (please tick X)
Methods of verification
Learning outcomes
Credit
Audit
Classes
Own
for the subject
Drafts
work
Activity
work
Percentage
at the final
50
W1
X
X
W2
X
X
W3
X
X
W4
X
X
X
W5
X
X
X
W6
X
X
W7
X
X
W8
X
X
20
20
Other
(Attendance)
10
W9
X
X
W10
X
X
U1
X
X
X
U2
X
X
X
U3
X
U4
X
X
X
U5
X
X
X
U6
X
X
X
U7
X
X
X
U8
X
U9
X
X
X
U10
X
X
X
K1
X
X
K2
X
X
K3
X
X
K4
X
X
K5
X
X
D6
X
X
K7
X
X
X
X
Matrix Verification of learning outcomes for the course associated with the learning outcomes for the
field of study
Learning
outcomes
for the
specialty
K_W01
K_W02
K_W03
K_W04
K_W05
K_W06
K_W07
K_W08
Learning outcomes for the course
W1 W2 W3 W4 W5 W6 W7 W8 W9
X
X
X
X
X
X
X
X
In
In
U1 U2 U3 U4 U5 U6 U7 U8 U9
K1 K2
10
10
X
X
X
X
K_W09
K_W10
K_U01
K_U02
K_U03
K_U04
K_U05
K_U06
K_U07
K_U08
K_U09
X
X
X
X
X
X
X
X
X
X
X
X
X
K_U10
K_K01
K_K02
K_K03
K_K04
K_K05
K_K06
K_K07
X