Μαθήματα

ABSE204: Μακροοικονομική Ανάλυση

Το Course Contents Money and the functions of money: The   nature   of   money;   the   evolution   of   money;   the   forms   of   money;   the   functions   of   money. Liquidity and money aggregates; a basic understanding of money supply The demand for money: Definition.   Motives   for   money   demand:   transactionary   motive,   precautionary   motive,   speculative motive   (liquidity   preference).   The   real   vs.   the   nominal   interest   rate.   The   money   demand   curve. Factors, affecting money demand. Banking and the supply of money: Modern   frictional-reserve   banking.   The   process   of   deposit   creation   and   the   deposit   multiplier. The balance sheet of the commercial bank. Central Banking and monetary policy: The   role   of   the   central   bank.   The   balance   sheet   of   the   central   bank.   Monetary   policy:   goals   and instruments.   Open   market   operations;   discount   rate   policy;   the   minimum   reserves   requirement. Effectiveness   of   the   instruments.   Monetary   policy   in   the   AD-AS   framework.   Monetary   effects   in the long run. From aggregate demand to aggregate supply. The foundations of aggregate supply: Short   run   vs.   long   run   in   macroeconomics.   Deriving   the   short   run   aggregate   supply   curve.   The segments   of   the   SRAS   curve.   Determinants   of   aggregate   supply   in   the   short   run.   The   long   run aggregate supply curve – slope and determinants. Inflation and unemployment: Unemployment:   nature,   forms   and   measurement.   Inflation   –   sources,   forms   and   measurement. The   trade-off   of   inflation   and   unemployment   –   the   Phillips’   curve.   The   short   run   Phillips’   curve and    the    SRAS    curve.    The    long    run    Phillips’    curve    and    the    LRAS    curve.    The    natural    rate    of unemployment and the potential GDP again. Economic growth: Definition.    Conditions,    factors    and    measurement    of    economic    growth.    Theories    of    growth. Models   of   growth   and   approaches   to   economic   development.   Alternative   models   of   growth   in developing countries. Learning Outcomes of the course unit By the end of the course, the students should be able to: 1 . Understand the nature of money and its functions 2 . Distinguish    money    aggregates    and    understand    factors,    determining    money    supply.    Analyze factors, affecting money demand and the equilibrium in the money market 3 . Indicate the tools used by the Central Bank to influence the money supply and interest rates 4 . Construct    the    aggregate    supply    curve    and    compare    and    contrast    short    run    and    long    run macroeconomic equilibrium 5 . Distinguish sources and factors of economic growth and analyze indicators of economic growth.
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Μαθήματα

ABSE204: Μακροοικονομική Ανάλυση

Το Course Contents Money and the functions of money: The   nature   of   money;   the   evolution   of   money;   the   forms of   money;   the   functions   of   money.   Liquidity   and   money aggregates; a basic understanding of money supply The demand for money: Definition.    Motives    for    money    demand:    transactionary motive,       precautionary       motive,       speculative       motive (liquidity    preference).    The    real    vs.    the    nominal    interest rate.   The   money   demand   curve.   Factors,   affecting   money demand. Banking and the supply of money: Modern   frictional-reserve   banking.   The   process   of   deposit creation   and   the   deposit   multiplier.   The   balance   sheet   of the commercial bank. Central Banking and monetary policy: The   role   of   the   central   bank.   The   balance   sheet   of   the central    bank.    Monetary    policy:    goals    and    instruments. Open     market     operations;     discount     rate     policy;     the minimum     reserves     requirement.     Effectiveness     of     the instruments.    Monetary    policy    in    the    AD-AS    framework. Monetary   effects   in   the   long   run.   From   aggregate   demand to aggregate supply. The foundations of aggregate supply: Short   run   vs.   long   run   in   macroeconomics.   Deriving   the short   run   aggregate   supply   curve.   The   segments   of   the SRAS    curve.    Determinants    of    aggregate    supply    in    the short   run.   The   long   run   aggregate   supply   curve   –   slope and determinants. Inflation and unemployment: Unemployment:      nature,      forms      and      measurement. Inflation   –   sources,   forms   and   measurement.   The   trade- off   of   inflation   and   unemployment   –   the   Phillips’   curve. The   short   run   Phillips’   curve   and   the   SRAS   curve.   The   long run   Phillips’   curve   and   the   LRAS   curve.   The   natural   rate   of unemployment and the potential GDP again. Economic growth: Definition.     Conditions,     factors     and     measurement     of economic   growth.   Theories   of   growth.   Models   of   growth and    approaches    to    economic    development.    Alternative models of growth in developing countries. Learning Outcomes of the course unit By the end of the course, the students should be able to: 1 . Understand the nature of money and its functions 2 . Distinguish    money    aggregates    and    understand    factors, determining    money    supply.    Analyze    factors,    affecting money demand and the equilibrium in the money market 3 . Indicate   the   tools   used   by   the   Central   Bank   to   influence the money supply and interest rates 4 . Construct   the   aggregate   supply   curve   and   compare   and contrast     short     run     and     long     run     macroeconomic equilibrium 5 . Distinguish   sources   and   factors   of   economic   growth   and analyze indicators of economic growth.