Macroeconomics I 110461-D
Ćwiczenia (CW) Semestr letni 2023/24

Introduction to macroeconomics - basic concepts and topics.

National accounts.

Classical model of competitive markets; Keynesian model of income and consumption.

Basic Keynesian demand-side model of economy.

Supply in the long-run; classical model.

Economic institutions. Public finance (basic concepts).

Demand-side model of economy with government. Fiscal policy. IS-LM model.

Open economy, exchange rates and international trade (basic concepts).

Demand-side model of open economy (Mundell-Flemming model).

Money, banking system, inflation.

Central bank and monetary policy.

Labour market (key definitions, topics and concepts).

Unemployment and inflation in the short and long run (the Phillips curve).

Economic growth - basic concepts.

Recapitulation and remarks on further studying of macroeconomics.