Objectives and competences
In this course students:
1. Get the basic grasp of macroeconomics
2. Are familiarised with the applicability of different theories of macroeconomics and economic policy
3. Are familiarised with elements of macroeconomics and are aware of interdependence between them
4. Are familiarised with and grasp the basic concepts of macroeconomics and economic policy
5. Learn to write, think and express themselves accurately in the macroeconomics field
6. Acquire fundamental knowledge of macroeconomics
7. Are familiarised with the importance of macroeconomics and economic policy
8. Gain the ability to macroeconomics
Content (Syllabus outline)
1. Fundamental Concepts of Macroeconomics, Aggregate Supply and Demand
2. Measurement of Economic Activity
3. Economic Growth and Economic Development
4. Consumption and Investment
5. Business Cycles and the Theory of Agregate Demand
6. The Multiplier Model
7. Money, Commercial and Central Bank, Monetary Policy
8. Unemployment and the Theory of Agreggate Supply
9. Price Stability, Inflation
10. Schools of Macroeconomics
Learning and teaching methods
- lectures;
- team work; work in the group Top 20;
- tutorial
Intended learning outcomes - knowledge and understanding
Development of knowledge and understanding:
Students:
1. Understand basic concepts of macroeconomics
2. Learn to use (apply) macroeconomics in solving business problems.
3. Recognize basic characteristics of macroeconomics and economic policies
4. Can demonstrate awareness of ethical issues in the field of macroeconomics
5. Are able to discuss ethical issues in relation to personal beliefs and values.
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/Intellectual skills:
Students:
1. Can analyse with guidance using given classification/principles.
2. Can collect and arrange data and ideas in a standard way.
3. Can evaluate the reliability of data using defined techniques and under guidance.
4. Students develop greater independence of thought and the ability to solve problems.
Key/Transferable skills
Students:
1. Use ICT.
2. Develop skills for team work.
3. Develop professional ethics.
4. Establish international relations.
5. Develop learning techniques and strategies for individual study, permanent reflection and evaluation.
6. Develop interest for lifelong learning.
Readings
Ekonomija (16. izdaja), Samuelson in Nordhaus, GV Založba;Posušje: Mate, 2002
Ekonomija – naloge z rešitvami, P. Mikek, M. Šlebinger, M. Rihtarič, Univerza v Mariboru, Ekonomsko-poslovna fakulteta
Dodatno priporočamo tudi: (Additional Recommendations):
Economics, 19th Edition. P. Samuelson and W. Nordhaus, McGraw-Hill, 2010
Macroeconomics, 10th Edition. M. Parkin, Pearson, 2011
Prerequisits
A pass in Introduction to Economics and Microeconomics is required to access the written exam in Macroeconomics I.
Additional information on implementation and assessment activities in the class (4 interim assignments)
written examination (80%) or two written tests (2x40%)*
*Conditions:
• 1st, 2nd interim assignment › 1st written test
• 1st written test + 3rd, 4th interim assignment › 2nd written test.
