Course Outline Macroeconomics – 1
Semester: 3
Course:
Code:
Credit (ECTS):
Instructor:
Classes:
Aims:
Course Materials:
Assessment:
Teaching Methods:
Macroeconomics-1
MAE-2
3
Marina Savinova, associated professor of economics, Ph.D;
Lectures: 24 hours
Seminars: 44 hours
This course provides understanding of the nature of
macroeconomics, its historical development, the main
macroeconomic problems and their possible causes.
The student will:
- be able to distinguish between micro- and macroeconomic
equilibrium;
- become acquainted with the major macroeconomic issues;
- know the principles, ways and various complications of
measuring macroeconomic aggregates;
- receive a basic knowledge of the main macroeconomic ideas
and theoretical debates.
Basic text:
1. J.Sloman. Economics, Prentice Hall, sixth edition, 2006,
J.Sloman, A.Wride. Economics, Prentice Hall, seventh
edition, 2009
2. J.Sloman, P.Smith Economics. Student workbook. Sixth
edition, Prentice Hall, 2006
3. Macroeconomics - 1 for Economists. Study guide (prepared
by Savinova M.V.) – REU, 2012 / IBS Plekhanov, 2013 //
http://www.rea.ru/Main.aspx?page=year_2_
Additional text:
1. C.R.McConnell, S.L.Brue, S. Flynn. Macroeconomics:
Principles, Problems, and Policies. – 18th edition. - McGrawHall University, 2009
2. N.G.Mankiw. Macroeconomics. - 7th edition. – Worth
Publishers, 2009
Maximum mark – 100, including:
- attendance - 20;
- current work - 20;
- creative work – 20;
- written examination – 40.
Russian equivalent:
50 – 100 - “pass”
< 50
- “failed”
Lectures, seminars, presentations, home tasks, debates
Course schedule
№№
1
2
3
4
5
6
7
8
9
10
11
Topics
Introduction to macroeconomics
Macroeconomic equilibrium I:
aggregate demand/aggregate supply
analysis.
Macroeconomic equilibrium II: the
circular flow of income.
Macroeconomic issues I: economic
growth and business cycles
Macroeconomic issues II:
unemployment.
Macroeconomic issues III:
inflation.
Mid-term test (9 th week)
Lectures Seminars Self
work
2
2
2
4
4
4
Total
6
12
2
2
4
8
2
4
4
10
2
2
4
8
2
2
4
8
Measurement of national output and
income.
Measurement of unemployment and
inflation.
Background to money market 1:
role of money in the economy and
money definitions.
Background to money market 2:
financial system and its functions.
Macroeconomic ideas: classical
macroeconomics, Keynesian
revolution and modern
development.
Written examination
(pass/failed). – 16 th week
2
8
4
14
2
4
2
8
2
4
4
10
2
6
4
12
2
6
4
12
TOTAL
24
44
40
108
Course Outline Macroeconomics – 2
Semester: 4
Course:
Code:
Credit (ECTS):
Instructor:
Classes:
Aims:
Course Materials:
Assessment:
Teaching Methods:
Macroeconomics-2
MAE-3
5
Marina Savinova, associated professor of economics, Ph.D;
Lectures: 26 hours
Seminars: 44 hours
This course provides a detailed examination and
comparative analysis of the Keynesian – monetarist – new
classical ideas and debates about fiscal, monetary and supplyside policies.
The student will:
- identify various schools of the macroeconomic thought as
a basis for political divisions;
- know the different macroeconomic policies aimed at
solution of the macroeconomic problems;
- be able to examine macroeconomic policies and
government promises.
Basic text:
1. J.Sloman. Economics, Prentice Hall, sixth edition, 2006,
J.Sloman, A.Wride. Economics, Prentice Hall, seventh
edition, 2009
2. J.Sloman, P.Smith Economics. Student workbook. Sixth
edition, Prentice Hall, 2006
3. Macroeconomics - 2 for Economists. Study guide
(prepared by Savinova M.V.) – REU, 2012 / IBS
Plekhanov, 2012 //
http://www.rea.ru/Main.aspx?page=year_2_
Additional text:
1. C.R.McConnell, S.L.Brue, S. Flynn. Macroeconomics:
Principles, Problems, and Policies. – 18th edition. - McGrawHall University, 2009
2. N.G.Mankiw. Macroeconomics. - 7th edition. – Worth
Publishers, 2009
Maximum mark – 100, including:
- attendance - 20;
- current work - 20;
- creative work – 20;
- written examination – 40.
Russian equivalent: 85 – 100 - “excellent”
70 – 84
- “good”
50 – 69
- “satisfactory”
< 50
- “failed”
Lectures, seminars, presentations, home tasks, debates
Course Schedule
Topic
№№
1
The simple Keynesian analysis:
consumption function, withdrawals and
injections.
2
The simple Keynesian analysis:
determination of national income.
3
Keynesian analysis of inflation.
4
Keynesian trade cycles theory.
5
Government finance and the debates
over national debt.
6
Fiscal policy.
Mid-term test (9 th week)
Lectures
Seminars
Self work
Total
2
4
6
12
2
2
6
10
2
2
2
2
2
2
4
4
6
8
8
10
2
2
6
10
Money supply and credit creation
process.
The demand for money.
Equilibrium in the money market.
Monetary transmission mechanism.
Monetary policy and its effectiveness.
Problems and controversies in the
macroeconomic policies 1: ISLM model
and comparative effectiveness of the
fiscal and monetary policies.
2
4
6
12
2
2
2
4
6
6
10
12
2
2
4
6
6
6
12
14
12
Problems and controversies in the
macroeconomic policies 2: the inflationunemployment relationship.
2
6
6
14
13
Problems and controversies in the
macroeconomic policies 3: supply-side
policies versus demand-side policies.
Final test (19 th week)
2
4
6
12
7
8
9
10
11
Written examination (21 th week)
TOTAL
36
26
44
74
180