KTTA2160 Macroeconomics I (8 cr)

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Study level:
Intermediate studies
Grading scale:
0-5
Language:
English, Finnish
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2020-2021, 2021-2022, 2022-2023, 2023-2024

Description

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.

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

Evaluation criteria:
tentti, ryhmätyö, harjoitukset, (saattavat vaihdella vuosittain) [0-5]
Time of teaching:
Period 3
Select all marked parts

Method 2

Evaluation criteria:
Exam
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