KTTA2160 Macroeconomics I (8 cr)
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
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
• 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).
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
1/12–3/25/2021 Lectures
3/26–3/26/2021 Exam
4/23–4/23/2021 Exam
x
Exam (8 cr)
Type:
Exam
Grading scale:
0-5
Language:
English, Finnish