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MACROECONOMICS dr hab. Marek Szczepański Plan of the course • • • • • • • • • • • • • • Introduction - the economic problem Tools of economic analysis, main indicators Demand, supply and the market Output and aggregate demand Unemployment and inflation Factor market and income distribution Long-run economic growth Short-time economic growth Business cycles Stabilization policy (fiscal and monetary policy) Open- economy macroeconomics Money and banking Interantional trade, european integration and globalization The main macroeconomic theories and current discussions Exercises 1. Indicators of economic growth (GDP, other indicators – comparison of different countries) 2. Inflation (how to measure inflation? Interntional comparison) 3. Unemployment (how to measure inflation? Interntional comparison) 4. International trade (foreign trade ballance, main export and import partners of of Poland, interntional trade in EU and worldwide) 5. Globalisation (nature of the process, implications – positive and negative) 6. Global financial and economic crisis 2008-2009 – causes, implications for world economy, EU and Poland Literature 1. P. Krugman, R. Wells, Macroeconomics, Second Edition, Worth Publishers, New York 2009. 2. D. Begg, S. Fisher, R. Dornbusch, Economics, 8th Edition, McGraw-Hill Companies, London, New York 2008. 3. http://www.mcgrawhill.co.uk/textbooks/begg 4. E.Skawińska, K.Sobiech, K.Nawrot, Makroekonomia, PWE, Warszawa 2008.