Basic knowledge of microeconomics and macroeconomics

The aim of the course is to allow the students to appreciate the goals and tools of economic policy. Emphasis is on macroeconomics and development. Students should be able to understand the theoretical, technical and value-related accounts underlying the pursuit of specific goals.

1. Macroeconomic Measurement

2. Economic and Social Inequality 251

3. Aggregate Demand and Economic Fluctuations 535

4. Fiscal Policy 563

5. Monetary Policy 602

6. Inflation

7. Trade, the Global Economy and Policy 648

8. The Financial Crisis and the Great Recession 677

9. Growth and Sustainability

10. Development: domestic and global features

A) Goodwin N., Harris J., Nelson J. A., Rajkarnikar P. J., Roach B., Torras M.; Principles of Economics in Context; Routledge; London; 2019; chps 7, 11, 19-21, 24-33; ISBN: 9781138344037

A) Dutt A.K.; Pathways to Economic Development; Oxford University Press; Oxford; 2014; chps 2, 3, 4; ISBN: 9780198075394

• Lecture-style instruction. The content is theoretical with references to the current situation.

• The aim of the oral exam is to ascertain the student's knowledge of the theoretical concepts required for macroeconomic and development policy.  

  The questions aim to ascertain: a) the knowledge and comprehension of the material listed in the syllabus (1/2 of total assessment); b) the ability to use the acquired knowledge to interpret today's issues (1/2 of total assessment).

English