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Macroeconomics (advanced level) (offered in English)

2021/2022
Учебный год
ENG
Обучение ведется на английском языке
6
Кредиты
Статус:
Курс обязательный
Когда читается:
1-й курс, 1, 2 модуль

Преподаватели


Дубровская Юлия Владимировна


Козоногова Елена Викторовна

Course Syllabus

Abstract

This course will explain students the essential concepts of open macroeconomics, economic growth, consumption, and investments. The goals of the course are for students to know what factors influence the dynamics of the relationship between the national economy and the rest of the world, and to know the mechanisms of economic growth. The course covers a broad range of topics in monetary and fiscal policy. Lectures and seminars are delivered via Zoom. Controls and exam are held via LMS.
Learning Objectives

Learning Objectives

  • Upon successful completion of the course, the student should be able to demonstrate understanding the determinants of the exchange rate and interest rates, and factors of the economic growth.
  • Students will obtain better understanding regarding relationship between the dynamics of macroeconomic indicator and the dynamics of financial markets, effects of economic policy on financial markets sustainability, and changing in asset prices.
Expected Learning Outcomes

Expected Learning Outcomes

  • Knowledge of such characteristics of an open economy as the balance of payments principles and determinants of the exchange rate.
  • Knowledge of the determinants and dynamics of economic growth.
  • Knowledge of what factors influence changes in the exchange rate.
Course Contents

Course Contents

  • The principles of an open economy
  • Exchange rate determination
  • Economic growth
Assessment Elements

Assessment Elements

  • non-blocking Control 1
  • non-blocking Control 2
  • non-blocking Classroom activities
  • non-blocking Self-study
  • non-blocking Exam
Interim Assessment

Interim Assessment

  • 2021/2022 1st module
  • 2021/2022 2nd module
    0.15 * Classroom activities + 0.15 * Control 1 + 0.15 * Control 2 + 0.4 * Exam + 0.15 * Self-study
Bibliography

Bibliography

Recommended Core Bibliography

  • Alfonso Novales, Esther Fernández, & Jesús Ruiz. (2014). Economic Growth. Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.spr.sptbec.978.3.642.54950.2
  • Terra, C. (2015). Principles of International Finance and Open Economy Macroeconomics. Elsevier. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.eee.monogr.9780128022979

Recommended Additional Bibliography

  • Dornbusch, R. (1976). Expectations and Exchange Rate Dynamics. Journal of Political Economy, 84(6), 1161–1176. https://doi.org/10.1086/260506
  • Elhorst, J. P. (DE-588)171025091, (DE-576)131852809. (2014). Spatial econometrics : from cross-sectional data to spatial panels / J. Paul Elhorst. Heidelberg [u.a.]: Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.396630170
  • Mankiw, N. G., Romer, D., & Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.5A71ECD9