Course code

050

Course title

MACROECONOMICS 1

General Information

Program

Undergraduate Program

Year

2.

Course holder

Ivan Boras, Ph.D.

Nela Vlahinić Dizdarević, Ph.D.

Course status

x

Core

Elective

Credits and Teaching

Winter semester

Summer semester

ECTS credits / student workload

6

Hours/ semester

60

Course objectives

The purpose of this course is to help students acquire knowledge in the field of macroeconomic theory and analyses, with a special focus on macroeconomic aggregates and analysis.

Correspondence and correlation with other programs

University of Torino, Faculty of Economics, University of Ljubljana, Ekonomski fakultet Ljubljana, University of Maribor, Ekonomsko poslovna fakulteta, University College Dublin i Trinity College Dublin, Irska, Oxford University , Velika Britanija

Course content

Microeconomic foundations of macroeconomic analysis. Basics of national accounts. Circular flows of economic activities. National product. Financial flows accounts. Systems of national accounts. Basic aggregate macroeconomic model. Short-run vs. long-run aspects. The solution of aggregate macroeconomic model. The consumption function. The saving function. The investment function. The investment multiplier. Inflation and deflation gap. Fiscal policy. Fiscal multiplier. Fiscal and monetary policy in the AS-AD framework. Quantitative monetary theory. Supply and demand for money. Monetary multiplier and process of deposit creation. IS-LM analysis.

Modes of instruction (mark in bold)

Lectures

Seminars and workshops

Exercises

Independent work

Multimedia and the Internet

Distance learning

Consultations

Laboratory work

Tutorials

Field work

Development of general and specific competences, knowledge and skills

Students get the basic knowledge to understand, analyse and explain all macroeconomic issues and problems.