KTTA2160 Macroeconomics I (8 cr)

Open the course unit brochure on Sisu
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

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).

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

Teaching (8 cr)

Type:
Participation in teaching
Grading scale:
0-5
Language:
English, Finnish

Teaching

x

Exam (8 cr)

Type:
Exam
Grading scale:
0-5
Language:
English, Finnish

Teaching