Macroeconomics (Advanced Level)

2023/2024

Academic Year

ENG

Instruction in English

6

ECTS credits

Delivered at:

Department of Economic Theory and Econometrics (Faculty of Economics)

Course type:

Compulsory course

When:

1 year, 1, 2 module

Instructor

Shulgin, Andrey G.

Course Syllabus

Abstract

The discipline "Macroeconomics" introduces students to key macroeconomic categories and models and gain skills in their use in theoretical and practical activities. The course covers the main problems of macroeconomic analysis: macroeconomic circulation, the most important macroeconomic indicators, theories of economic growth and alternative explanations of the business cycle phenomenon, government countercyclical fiscal and monetary policies, foreign economic relations of the country The result of mastering the discipline is the acquisition by students of: - knowledge in the field of macroeconomic analysis with a significant use of the mathematical apparatus, as well as training in the use of acquired knowledge in professional activities. - knowledge of empirical and theoretical research in two sections of macroeconomic analysis: economic growth and economic fluctuations.

Learning Objectives

• The goals of the discipline Macroeconomics (Advanced level) are to expand and deepen students' knowledge in the field of macroeconomic analysis with significant use of the mathematical apparatus, as well as training in the use of acquired knowledge in professional activities.

Expected Learning Outcomes

• Apply modern mathematical tools to solve substantial macroeconomic problems
• Have skills in macroeconomic modeling using modern tools
• Know the main results of the latest research published in leading professional journals on macroeconomics
• Know the principles of the modern economy at the macro level
• Own a methodology for conducting research in the field of macroeconomics
• Use modern software to solve economic, statistical and econometric problems in the field of macroeconomics
• Fomulate the principles of the modern economy at the macro level
• Fomulate the principles of the modern economy at the macro level
• Fomulate the main results of the latest research published in leading professional journals on macroeconomics
• Realized skills in macroeconomic modeling using modern tools
• Realized modern mathematical tools to solve substantial macroeconomic problems

Course Contents

• Theme 1. Introduction. Solow model
• Theme 2. Ramsey-Cass-Koopmans model
• Theme 3. Mankiw-Romer-Weil model
• Theme 4. Creative destruction model of Aghion-Howitt
• Theme 5. Unified growth theory
• Theme 6. Real business-cycle model
• Theme 7. New Keynesian model
• Theme 8. Dynamic Stochastic General Equilibrium model (DSGE model)

Assessment Elements

• Activity
• Test
  Tests are performed by each student independently.
• Written assignment

Interim Assessment

• 2023/2024 2nd module
  0.15 * Activity + 0.15 * Activity + 0.2 * Test + 0.5 * Written assignment

Bibliography

Recommended Core Bibliography

• Macroeconomics, 5th ed., updated edition, 613 p., Blanchard, O. J., 2011

Recommended Additional Bibliography

• 9780262268622 - Blanchard, Olivier; Fischer, Stanley - Lectures on Macroeconomics - 1989 - MIT Press - https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=11345 - nlebk - 11345
• 9781292160566 - Blanchard, Olivier - Macroeconomics, Global Edition - 2017 - Pearson - https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=1426555 - nlebk - 1426555

Authors

• SHULGIN Andrei GEORGIEVICH
• MAKSIMOV Andrei GENNADEVICH