Macroeconomic Policy (konwersatorium) - 2018/2019

Course description
General information
Lecturer:dr Piotr Bolibok
Organising unit:Faculty of Social Sciences - Instytut Ekonomii i Zarządzania
Number of hours (week/semester): 2/30
ECTS code:00000-05-0500KON0000
Language of instruction:English
Course objective
C1 – Conveying knowledge about mechanisms shaping economic processes in macro scale
C2 – Understanding of the interdependencies and feedbacks between the macroeconomic categories by the students, and the influence of these conditions on goals and instruments of stabilisation policy
Prerequisites
W1 – knowledge of issues of the course: Microeconomics
W2 – analytical skills
W3 – openness to gaining knowledge
Learning outcomes
KNOWLEDGE (W:)
A student characterises the essence of major problems of macroeconomic policy, explaining the interdependences between their main determinants (K_W02)

ABILITIES (U):
A student analyses the processes of adjustments in the market for goods and services and market for money, including potential effects of diverse stabilisation policy actions (K_U01)

SOCIAL COMPETENCIES (ATTITUDES) (K):
A student is aware of complexity of macroeconomic policy issues and is able to actively participate in debates on related topics (K_K04)
Teaching method
Lecture with multimedia presentation and elements of discussion.
Course content description
1. Definition and scope of macroeconomic policy
2. Creation and division of national income
3. Money and inflation processes
4. Macroeconomic policy in an open economy
5. Unemployment
6. Economic growth
7. Economic fluctuations
8. Aggregate demand
9. Macroeconomic policy in the IS-LM model framework
10. Macroeconomic policy in the Mundell-Fleming model framework
11. Aggregate supply and trade-off between inflation and unemployment
12. Stabilisation policy
13. Fiscal policy, public debt and budget deficits
14. Monetary policy and its instruments
15. Macroeconomic policy and consumption and investment demand
Forms of assessment
The final grade shall be given on the basis of a written test (90%) and a student\'s activity during the classes.

Grade 2:
(W) - A student is unable to characterise the essence of major macroeconomic problems, nor to explain the interdependences between their main determinants
(U) - A student is unable to analyse the processes of adjustments in the goods and services and the monetary market
(K) - A student is not aware of complexity of macroeconomic phenomena and is unable to actively participate in debates on economy-related topics

Grade 3:
(W) - A student is able to characterise the essence of selected major macroeconomic problems and to explain the interdependences between their main determinants
(U) - A student is able to analyse the selected processes of adjustments in the goods and services and the monetary market including potential effects of some stabilisation policy actions
(K) - A student is partially aware of complexity of macroeconomic phenomena and is seldom able to actively participate in debates on economy-related topics

Grade 4:
(W) - A student is able to characterise the essence of most major macroeconomic problems and to explain the interdependences between their main determinants
(U) - A student is able to analyse the majority of processes of adjustments in the goods and services and the monetary market including potential effects of majority of stabilisation policy actions
(K) - A student is aware of complexity of macroeconomic phenomena and is often able to actively participate in debates on economy-related topics

Grade 5:
(W) - A student is able to characterise the essence of all required major macroeconomic problems and to explain the interdependences between their main determinants
(U) - A student is able to analyse all required processes of adjustments in the goods and services and the monetary market including potential effects of all discussed stabilisation policy actions
(K) - A student is highly aware of complexity of macroeconomic phenomena and is always able to actively participate in debates on economy-related topics
Required reading list
Main textbook:
1. N. G. Mankiw, Macroeconomics, 9th ed., Worth Publishers, New York 2015.

Additional readings:
1. K. E. Case, R. C. Fair, S. M. Oster, Principles of macroeconomics, 12 th ed., Pearson, Boston 2016.
Field of study: Economics
Course listing in the Schedule of Courses:
Year/semester:Year I - Semester 2
Number of ECTS credits: 3
Form of assessment: Grade
Terminarz:
DataDzieńSalaGodz.od-do
2019-02-20środaC-201A 10:50 - 12:30
2019-02-27środaC-201A 10:50 - 12:30
2019-03-06środaC-201A 10:50 - 12:30
2019-03-13środaC-201A 10:50 - 12:30
2019-03-20środaC-201A 10:50 - 12:30
2019-03-27środaC-201A 10:50 - 12:30
2019-04-03środaC-201A 10:50 - 12:30
2019-04-10środaC-201A 10:50 - 12:30
2019-04-24środaC-201A 10:50 - 12:30
2019-05-08środaC-201A 10:50 - 12:30
2019-05-15środaC-201A 10:50 - 12:30
2019-05-22środaC-201A 10:50 - 12:30
2019-05-29środaC-201A 10:50 - 12:30
2019-06-05środaC-201A 10:50 - 12:30
2019-06-12środaC-201A 10:50 - 12:30