Μαθήματα

ABSE102: Εισαγωγή στη Μακροοικονομική

Το Course Contents Introduction to macroeconomics: Objectives   of   macroeconomic   analysis.   Main   macroeconomic   variables:   output,   employment, price level. Employment vs. unemployment. Aggregate supply and aggregate demand Measuring macroeconomic activity: Identifying    GDP:    final    goods    vs.    intermediate    goods;    value    added.    Three    approaches    to measuring   GDP.   The   expenditure   approach.   Economic   decision   makers   and   their   spending.   The Income   approach.   Primary   income   vs.   final   income.   Factor   payments   vs.   transfer   payments. Income   approach   vs.   expenditure   approach.   NDP   and   domestic   income.   Private   income   and disposable income. GDP deflator: real vs. nominal GDP. GDP shortcomings Aggregate expenditures: Consumption   spending:   consumption   function   and   consumption   curve.   Factors,   determining   the slope   of   the   consumption   curve   and   factors,   determining   its   position.   The   savings   function. Gross   private   investment   demand   –   definition,   components   and   determinants.   Government spending. The import’s function. The dynamics of macroeconomic equilibrium: Macroeconomic   equilibrium:   AE   =   Y.      Planned   vs.   actual   spending   and   disequilibrium.   The   role   of inventories.    Injections    and    leakages.    The    equilibrium    condition:    Injections    =    Leakages.        The simple   multiplier.   The   complete   multiplier   and   its   constraints.   Macroeconomic   fluctuations   and the business cycle. Fiscal policy: Definition   and   typology.      Goals   and   instruments   of   fiscal   policy.   The   government   budget.   Deficits and    surpluses.    The    demand    side    fiscal    policy:    determinants    and    effectiveness.    The    budget multiplier. Empirical evidence on the effectiveness of fiscal policy. Learning Outcomes of the course unit By the end of the course, the students should be able to: 1 . Identify   the   key   concepts   of   macroeconomics,   the   objectives   and   instruments   of   macroeconomic analysis. 2 . Analyze   outcomes   of   economic   activity:   Gross   Domestic   Product,   real   and   nominal   GDP,   price indexes and employment and unemployment. 3 . Compare and contrast different approaches to measuring GDP 4 . Identify   and   quantify   aggregate   expenditures;   analyze   their   determinants   and   apply   them   in problem solving 5 . Integrate concepts of macroeconomic equilibrium and appraise its dynamics. 6 . Derive the simple and the complete multiplier and interpret its constraints. 7 . Evaluate   business   fluctuations   and   apply   the   theory   of   business   cycle   to   the   analysis   of   the current economic slowdown. 8 . Define and categorize the types of fiscal policy and debate their controversies
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Μαθήματα

ABSE102: Εισαγωγή στη Μακροοικονομική

Το Course Contents Introduction to macroeconomics: Objectives         of         macroeconomic         analysis.         Main macroeconomic     variables:     output,     employment,     price level.   Employment   vs.   unemployment.   Aggregate   supply and aggregate demand Measuring macroeconomic activity: Identifying   GDP:   final   goods   vs.   intermediate   goods;   value added.     Three     approaches     to     measuring     GDP.     The expenditure    approach.    Economic    decision    makers    and their   spending.   The   Income   approach.   Primary   income   vs. final    income.    Factor    payments    vs.    transfer    payments. Income    approach    vs.    expenditure    approach.    NDP    and domestic   income.   Private   income   and   disposable   income. GDP deflator: real vs. nominal GDP. GDP shortcomings Aggregate expenditures: Consumption      spending:      consumption      function      and consumption   curve.   Factors,   determining   the   slope   of   the consumption   curve   and   factors,   determining   its   position. The   savings   function.   Gross   private   investment   demand   definition,    components    and    determinants.    Government spending. The import’s function. The dynamics of macroeconomic equilibrium: Macroeconomic   equilibrium:   AE   =   Y.      Planned   vs.   actual spending    and    disequilibrium.    The    role    of    inventories. Injections     and     leakages.     The     equilibrium     condition: Injections     =     Leakages.          The     simple     multiplier.     The complete   multiplier   and   its   constraints.   Macroeconomic fluctuations and the business cycle. Fiscal policy: Definition   and   typology.      Goals   and   instruments   of   fiscal policy.    The    government    budget.    Deficits    and    surpluses. The     demand     side     fiscal     policy:     determinants     and effectiveness.   The   budget   multiplier.   Empirical   evidence on the effectiveness of fiscal policy. Learning Outcomes of the course unit By the end of the course, the students should be able to: 1 . Identify     the     key     concepts     of     macroeconomics,     the objectives and instruments of macroeconomic analysis. 2 . Analyze   outcomes   of   economic   activity:   Gross   Domestic Product,     real     and     nominal     GDP,     price     indexes     and employment and unemployment. 3 . Compare   and   contrast   different   approaches   to   measuring GDP 4 . Identify    and    quantify    aggregate    expenditures;    analyze their determinants and apply them in problem solving 5 . Integrate    concepts    of    macroeconomic    equilibrium    and appraise its dynamics. 6 . Derive    the    simple    and    the    complete    multiplier    and interpret its constraints. 7 . Evaluate   business   fluctuations   and   apply   the   theory   of business   cycle   to   the   analysis   of   the   current   economic slowdown. 8 . Define    and    categorize    the    types    of    fiscal    policy    and debate their controversies