(in Polish) Macroeconomics 1155-12-E21-0-Macro

1. Mainstream vs. alternative macroeconomics
- Theoretical approaches to explaining macroeconomic problems
- Critical assessment of mainstream and heterodox perspectives
(W1, W2, U1, K1)
2. Economic growth and development
- Concepts of economic growth and economic development
- Sustainable development
- Costs and trade-offs of economic growth
(W1, W2)
3. Beyond GDP. Alternative measures of overall economic activity and well-being
(W1, W2, U1, K1)
4. Business cycle theory
- Definitions and characteristics
- The multiplier–accelerator model
- Properties of business cycles
(W1, W2)
5. Open economy macroeconomics
- Exchange rate market
- Balance of payments
- The Mundell–Fleming model (IS–LM–FE)
(W1, W2)
6. Expansionary fiscal and monetary policy in the IS–LM–FE model
(W1, W2)
7. Effectiveness of expansionary fiscal and monetary policy in the IS–LM–FE model
(W1, W2)

Total student workload

Attendance at lectures (45h), getting acquainted with additional materials prepared and made available by the lecturer and studying the literature indicated (41h), writing an essay (40h), exams (8h) and consultations with the lecturer (16h). Total student workload (150h)

Learning outcomes - knowledge

W1: The graduate knows and understands, to a deeper degree, on the basis of well-ordered theoretical knowledge, the issues and development trends in macroeconomics and its place in the system of social sciencess (K_W01) W2: The graduate knows and understand to a deeper degree, the processes and relationships governing the behaviour of the economy as a whole (K_W05) W3: The graduate knows and understand to a deeper degree, contemporary macroeconomic theories and their development (K_W09)

Learning outcomes - skills

U1: The graduate critically analyses complex macroeconomic phenomena and relations between them (K_U01) U2:The graduate interprets macro-economic data, verifying them based on knowledge and using a variety of macroeconomic data sources (K_U03)

Learning outcomes - social competencies

K1: The graduate is willing to critically assess posessed knowledge about the macroeconomic phenomena, recognise its importance in solving cognitive and practical problems in the macroeconomics (K_K01)

Teaching methods

Demonstration teaching methods: display Expository teaching methods: informative (conventional) lecture, problem-based lecture Exploratory teaching methods: laboratory, case study

Expository teaching methods

- informative (conventional) lecture
- problem-based lecture

Exploratory teaching methods

- presentation of a paper
- practical

Online teaching methods

- content-presentation-oriented methods
- exchange and discussion methods
- cooperation-based methods

Prerequisites

The knowledge of microeconomics and principals of macroeconomics from the basic course.

Course coordinators

Małgorzata Szczepaniak

Assessment criteria

Written Exam (Theoretical Lecture)
• Format: Test (multiple-choice and open-ended questions)
• Learning outcomes: W_01, W_02; K_K01

Tutorials (Graded Credit)
• Assessment components:
• Test and problem-solving tasks (50%), including calculation exercises on the open economy and the foreign exchange market
• Essay (50%), written on one of the topics proposed by the teacher, in accordance with the requirements presented during tutorials
• To receive credit (minimum grade 3), the test component must be passed.
• Learning outcomes: U_01, U_03; K_K01

Grading scale:
• 60–65% → 3.0
• 66–73% → 3.5
• 74–82% → 4.0
• 83–91% → 4.5
• 92–100% → 5.0

Additional information

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

Description of 1155-12-E21-0-Macro in USOSweb