Theory of Macroeconomics (SZF_085)
About Study Course
Objective
To develop understanding of the theory of macroeconomics as an integral part of economic theory, to improve knowledge of the theoretical concept of macroeconomics, its categories and fundamentals, providing information in both historical and contemporary contexts, to strengthen knowledge of macroeconomic theory and policy with examples illustrating the application of macroeconomic principles in real life and business, to carry out case studies.
Prerequisites
Knowledge of the basics of economics, microeconomics, mathematics and statistics is required.
Learning outcomes
After the completion of the course, students understand the macroeconomic concept of market economy functioning and practical manifestations of its regularities according to the latest development trends, know the role of macroeconomic theory in business and state functioning, understand the cyclical development of economy, methods of regulation according to modern theories, determine the role of international economic relations in the global economic system.
After the completion of the course, students will know how to calculate macroeconomic indicators, interpret and use them to evaluate the economic situation. Students will be able to analyse macroeconomic balance and the factors that affect it, classify types and causes of unemployment and inflation, to reasonably discuss the use of fiscal and monetary policy instruments depending on business cycle changes, to determine economic growth factors in the context of sustainable development. To apply theoretical knowledge of macroeconomic principles for analysis of economic processes and business environment, for solving topical problems, as well as for carrying out scientific research work, to reasonably discuss current macroeconomic issues.
Students will be able to analyse and interpret macroeconomic indicators, explain the algorithm for studying macroeconomic balance, characterise fiscal and monetary policy instruments and determine their application depending on the economic situation in the country, choose inflation and unemployment reduction tools, determine the factors and indicators of economic growth and living standards, describe advantages and role in the global economy, to analyse the factors that have an impact on exchange rate and international financial system concepts.
Study course planning
| Study programme | Study semester | Program level | Study course category | Lecturers | Schedule |
|---|---|---|---|---|---|
| International Business and Sustainable Economy, SBIE | 2 | Bachelor’s | Required | ||
| International Marketing and Advertising, MR | 2 | Bachelor’s | Required |
