Macroeconomics II 110471-D
Wykład (WYK) Semestr zimowy 2023/24

Intertemporal budget constraint of private and public sector; Ricardian equivalence.

Utility maximization vs. theory of consumption and savings (e.g. permanent income theory).

Firm, profit maximization and investment (q-Tobina).

Labour market in the short and long run.

Economic growth - empirical and theoretical perspective.

Sticky prices and wages - microeconomic foundations and macroeconomic implications.

Economic fluctuations - empirical evidence on the business cycle.

Economic fluctuations - theories and models of the business cycle.

Labour market and the equilibrium unemployment.

International trade, financial markets.

Aggregate supply, demand and inflation (introduction to AS-AD model).

Macroeconomic shocks; aggregate supply, demand and inflation.

Economic policy and its deficiencies in the short-run and in the long-run.

Economic and currency integration from the macroeconomic perspective.

Economic crises; revision of the material and presentation of further study possibilities.