Macroeconomics 2 4.17.E.472

LECTURES:
1. Introduction to Advanced Macroeconomics
2. Solow Growth Model
3. Human Capital Model
4. Inequalities in the World
5. Post-Keynesian and MMT economics
6. Unemployment
7. Theories of Business Cycle
8. Theories of Short-Run Economy
9. Microfoundations of Investment
10. Beyond the limitations. New directions in macroeconomics.

EXERCISES:
1. IS-LM Model.
2. Endogenous Growth Theory.
3. Solow Model of Economic Growth.
3. Lucas Imperfect Information Model.
4. Limits to economic growth.
5. Game theory with practical application in economics.
6. Prospect Theory (D. Kahneman, A. Tversky).
7. An analysis of consumption and saving by F. Modigliani (Life-Cycle Hypothesis).
8. An analysis of consumption and saving by M. Friedman (Permanent Income Hypothesis).
9. An analysis of consumption and saving J. Duesenberry (Relative Income Hypothesis).
10. Behavioral Life-Cycle Hypothesis.
11. DMP Model and Unemployment Hysteresis Model.

Field of study

Economics – Sustainable Development Module

Supplementary literature

1. Kahneman D., Thinking, Fast and Slow, 2011. 2. Keynes J.M., The General Theory of Employment, Interest, and Money, 2016. 3. Warsh D., Knowledge and the Wealth of Nations: A Story of Economic Discovery, 2017.

Study level

2st degree studies

Education profile

General Academic

Type of course

obligatory courses
obligatory courses

The semester in which the subject is carried out

First

Mode

(in Polish) Mieszany: realizowany zdalnie i w sali

Requirements

(unknown)

Learning outcomes

Has an advanced understanding of macroeconomic phenomena, models as well as economic methods and theories explaining the complex relationships between them.

Knows the advanced research methodology in the field of macroeconomics.

Expresses the ability to analyze and forecast economic processes and phenomena with the use of advanced methods and tools of scientific disciplines appropriate for the field of economics in the field of macroeconomics.

Can look critically at the diversity of macroeconomic theories and show the differences between them. This allows him to critically evaluate his knowledge.

Assessment criteria

LECTURES
F1 - Involvement in current classwork (WEIGHT: 20%)
F2 - Exam (WEIGHT: 80%)

EXERCISES
F1 - Test - IS-LM Model (theory + practical problems) (WEIGHT: 55%)
F2 - Project - MS Power Point presentation on a given topic (WEIGHT: 40%)
F3 - Involvement in current classwork (WEIGHT: 5%)

Bibliography

1. Blanchard O., Macroeconomics, 2020.
2. Heijdra B.J., Foundations of Modern Macroeconomics, 2017.
3. Krugman P., Wells R., Macroeconomics, 2021.
4. Levačić R., Rebmann A., Macroeconomics an Introduction to Keynesian-Neoclassical Controversies, 1982.
5. Mankiw N. Gregory, Macroeconomics, 2018.
6. Romer D., Advanced Macroeconomics, 2018.
7. Snowdon B., Vane H.R., Modern Macroeconomics, 2005.

Science articles:
Hicks J.R., Mr. Keynes and the "Classics"; A Suggested Interpretation, Econometrica Vol. 5, No. 2 (Apr., 1937), pp. 147-159.

Additional information

Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system:

Description of 4.17.E.472 in USOSweb