MACROECONOMICS
dr hab. Marek Szczepański, prof. PP
Plan of the course
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Introduction - the economic problem
Measuring the value of economic activity
National income – its sources, determinants and distribution
Money and inflation
Unemployment
Long-run economic growth
Business cycles: the economy in short run
Aggregate demnad (IS-LM Model)
Aggregate Supply and the short-run trade –off between inflation and
unemployment
Stabilization policy (fiscal and monetary policy)
Open- economy macroeconomics
Money and banking
Interantional trade, European integration and globalization
The main macroeconomic theories and current discussions
Exercises
1. Measuring the cost of living: the Consumer Price Index (an
international comparison)
2. Measuring joblessness: the unemployment rate (international
comparison)
3. The decisions facing the competitive firm
4. Consumtion and investment (an international comparison)
5. Economic growth in Poland and other post-socialist countries
since 2004 (an international comparison)
6. Economic growth and its drivers in the USA and EU Memeber
states (an international comparison)
7. Globalisation of financial markets – pros and cons (global
financial crisis 2008-2009)
8. Macroeconomic policy debates: liberal and neoliberał theories
(M.Friedman, F.Hayek) vs Keynsian theory and concepts of
J.K.Galbreith and G.Myrdal)
Literature
1. P. Krugman, R. Wells, Macroeconomics, Second Edition, Worth
Publishers, New York 2009.
2. D. Begg, S. Fisher, R. Dornbusch, Economics, 8th Edition,
McGraw-Hill Companies, London, New York 2008.
http://www.mcgrawhill.co.uk/textbooks/begg
3. N.G.Mankiw, Macroeconomis, Worth Publishers, New York 2010
Free download:
ftp://dge.stanford.edu/pub/vineety/rup/N.%20Gregory%20Mankiw
%20Macroeconomics,%207th%20edition%202009.pdf
4. Polish edition: N.G.Mankiw, M.P.Taylor, Makroekonomia, PWE,
Warszawa 2009.
5. E.Skawińska, K.Sobiech, K.Nawrot, Makroekonomia, PWE,
Warszawa 2008.