KTTA2160 Macroeconomics I (8 cr)
Study level:
Intermediate studies
Grading scale:
0-5
Language:
English, Finnish
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2017-2018, 2018-2019, 2019-2020
Description
Content
Goods market. Financial market. Equilibrium in goods and financial market. ISLM-model. Labour market. Labour supply.Labour demand. Unemployment. Aggreagate supply. Phillps-curve. AS-AD model. Medium run economic analysis and economic policy. Current account dynamics, Mundell-Fleming -model. Economic policy in a common currency area. Basics of growth theory. Topics.
Completion methods
Book exam: acedemic year
Assessment details
Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.
Learning outcomes
Learning outcomes At the end of the course the student is expected to be able to:
• recognize the short and medium run cycles in the economy
• identify the factors behind the economic growth
• recognize the current state of the business cycle in the economy
• evaluate the progress of employment
• provide forecast for the economics growth
• analyze the macroeconomic performance of the economy and provide recommendations for economic policy at different stages of business cycles in various type of economies
• recognize the short and medium run cycles in the economy
• identify the factors behind the economic growth
• recognize the current state of the business cycle in the economy
• evaluate the progress of employment
• provide forecast for the economics growth
• analyze the macroeconomic performance of the economy and provide recommendations for economic policy at different stages of business cycles in various type of economies
Additional information
Timing: 2nd year
Description of prerequisites
KTTP2110 Basics of Economics , KTTA1110 Mathematical Economics I or equivalent
Study materials
Blanchard, O., Amighini, A., Giavazzi, F. 2013. Macroeconomics: a European perspective, 2nd Edition. Pearson. ISBN-13: 978-0-273-77168-5. (or various editions of Blanchard, O. Macroeconomics)
Weil D. N. 2013. Economic Growth, International Edition, 3rd Edition. Routledge, New York (NY). ISBN-13: 978-0-273-76929-3. You may also use Pearson International Edition, 2nd Edition. Pearson, Boston (MA).
Weil D. N. 2013. Economic Growth, International Edition, 3rd Edition. Routledge, New York (NY). ISBN-13: 978-0-273-76929-3. You may also use Pearson International Edition, 2nd Edition. Pearson, Boston (MA).
Literature
- Blanchard, O., Amighini, A., Giavazzi, F. 2013. Macroeconomics: a European perspective, 2nd Edition. Pearson.; ISBN: 13: 978-0-273-77168-5
- Weil D. N. 2013. Economic Growth, International Edition, 3rd Edition. Routledge, New York (NY); ISBN: 13: 978-0-273-76929-3
Completion methods
Method 1
Select all marked parts
Method 2
Select all marked parts
Parts of the completion methods
x
Unpublished assessment item
x
Unpublished assessment item