| Credit: | 6 |
|---|---|
| Status: | Bachelors - All BEF - core English Semester - summer |
| Course supervisors: | prof. Roman Horváth Ph.D. |
| Course homepage: | JEB115 |
| Literature: | N. Gregory Mankiw (2010). Macroeconomics (7th Edition). Worth Publishers. Student resources are accessible at http://bcs.worthpublishers.com/mankiw7 Partly, we will also cover the update of this textbook that has an ambition to reflect the current global financial crisis: Ball, L. and N.G. Mankiw (2011) A New Approach to Intermediate Macroeconomics, Worth Publishers. Student resources are accessible at http://worthpublishers.com/Catalog/Product.aspx?isbn=9781429253673 Other reading may be assigned during the course of the semester. |
| Description: | This is the second part of the Macroeconomics course. At the intermediate level it presents and analyzes questions related to aggregate demand and supply, and short run fluctuations. Its core is the (simplified) IS-LM model. Within the frames of this model this course analyzes the possible drivers of short run fluctuations. It suggests the policy instruments and regimes that can mitigate those fluctuations. The course also provides examples that map theoretical arguments presented in the class to the current processes in the real world. Upon successful completion of this course, students will be able to better understand the short run functioning of economic systems and discern the possibilities and limits of economic theories. Students will also be able to employ basic quantitative techniques to model aggregate economic phenomena. |
