Ects : 1

Enseignant responsable :

• PASQUALE FORESTI

Volume horaire : 9

Description du contenu de l'enseignement :

This course focuses on the crucial macroeconomic concepts: gross domestic product, economic growth, inflation, the interest rate, unemployment. First, the course examines how economic agents relate by analysing national accounts. Then, there is an investigation onto the causes of long term growth. This is followed by a study of the financial sector. With all these instruments, there is an analysis of the determinants of aggregate supply and aggregate demand distinguishing between the short-run and the long-run, with a special focus on how monetary and fiscal policy work. The course finishes with a study of the recent financial crisis.

Coefficient : 0.5

Compétence à acquérir :

Learning Outcomes

On completion of this module, students will be able to: 1. Explain what macroeconomics is 2. Identify the main issues studied by macroeconomists 3. Analyse the national accounts system

 

Course objectives

The main objective of this course is for students to understand how the economy works. Other objectives include the analysis of the main macroeconomic variables and how these relate to each other; as well as what determines economic growth in the long-run and well as in the short-run.

Mode de contrôle des connaissances :

Grading Criteria

Participation 5% Quiz 10% Group Report 35% Final Exam 50%

Bibliographie, lectures recommandées

• Allin, P. & Hand, D., (2015), Getting the Measure of Modern Life, Significance, Vol. 12, No. 1, pp. 40-42.
• Boarini, R., Johansson, A. & Mira d’Ercole, M., (2006), Alternative Measures of Well-Being, OECD Social, Employment and Migration Working Paper, No.33.
• Deustche Bank Research, (2006), Measures of Well-Being.
• Lequiller, F., and Blades, D. (2016), Understanding National Accounts, 2nd Edition, Paris:
• OECD.
• Oulton, N., (2012), Hooray for GDP!, LSE Growth Commission.