Applied macroeconomics for managers

Aims of the course

- Provide the students with the theoretical foundations to understand macroeconomic phenomena from the perspective of both traditional and modern theories
- Provide the students with an understanding of the core differences between the theories and the implications these differences have from economic policy perspective
- Provide the students with both the theory and empirics of specific macroeconomic issues
- Enable the students with the compences to individually analyze the causes of macroeconomic events and evaluate the consequences of policy measuers

Course syllabus

1. Introduction
2. National accounts, gross domestic product
3. Equilibrium in the goods market and Keynesian multiplier
4. Government intervention and fiscal policy
5. Money and finance
6. Money market equilibrium and central bank
7. Equilibrium in the goods and money markets: the IS-LM model
8. Labor market: the WS-PS model
9. The Phillips curve, the NAIRU and expectations
10. Putting all markets together: the AS-AD model
11. Credibility and long-run reform
12. Macroeconomics of the open economy: the Mundell-Fleming model
13. The crises and debt
14. European Monetary System and the euro crisis
15. Economic growth: Solow model, endogeneous growth

Course director(s)