Download MISKOLCI EGYETEM 1998/99

SYLLABUS
For the students of the BA education
Name
Code:
Hours / Week:
Place and time
Credits:
Lecturers:
Objectives
Assessment:
Macroeconomics
GTGKG1122BNA
2+2
Monday, 08:00-10:00 (A/1. 310.), Tuesday 16:00-18:00 (A/1. 13.)
5
Andrea Gubik Safrany, PhD ([email protected])
Mónika Orloczki ([email protected])
During the semester students get to know the basic rules of macroeconomics, the ways
of measurement and price indices; the theoretical basics of the state’s intervention to the
economy and Keynes’s theory on these questions.
Participation and written test(s)
Content
1.
2.
Introduction to macroeconomics. Measuring the value of economic activity
Solow model 1 (steady state of the economy)
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Solow model 2 (the golden rule of consumption)
Labour market and unemployment
Equilibrium of the product market
Money and inflation, the quantity theory of money. Inflation and interest rate
TEST 1
Introduction to economic fluctuation. Aggregate Demand and Aggregate Supply. Stabilization policy
Building the IS-LM model – The goods market and the IS curve. The money market and the LM curve
Holiday
Applying the IS-LM model – Explaining fluctuations with the IS-LM model
Aggregate Supply and the Short-Run trade-off between inflation and unemployment
TEST 2
Keywords
GDP, GNP, CPI, economic growth, Solow model, Consumption, Investment, AS, AD, IS-LM model
Required readings
 Mankiw, N.G. (2010). Macroeconomics. New York: Worth Publishers (ISBN-10: 1-4292-4002-4)
 Gubik, S.A., Kis-Orloczki, M (2013). Student workbook of Macroeconomics (e-book only)
Other readings
 Samuelson, P.A., Nordhaus, W.D. (1989). Macroeconomics: A version of economics. New York: McGrawHill (ISBN 0070548773)
 Hall, R.E., Taylor, J.B. (1993) Macroeconomics. New York: Norton (ISBN 0393963071)
 Hillier, B. (1986). Macroeconomics: Models, debates and developments. Oxford: Blackwell (ISBN 0 631
14144 8)
 Snowdon, B. Vane, H. R. Modern macroeconomic: Its origins, development and current state. Cheltenham
Northampton: Elgar (1 84376 394 X)
Requirements
Participation at the lectures and seminars is advised
Two tests will be written during the semester:
 The first is compulsory, this has to written and passed in order to receive the signature (in case the student
does not pass for the first try, he/she can try again at the second test date), those, who do not show up at any
of the two possible test dates will be denied signature.
 The second test is not compulsory, but those who succeed in both tests can get a final grade for these tests
and do not have to take the exam during the exam period.
 Additional 2 points will be given to those who participated in at least 80 percent of the lectures and
seminars
Consultation hours
Monday, 12:00-14:00 A/4 (Main building) 3rd floor
11th February 2014 Miskolc
Andrea Gubik Safrany
Associate professor